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Willis Lease posts 4Q profit

NOVATO, Calif. (AP) _ Willis Lease Finance Corp. (WLFC) on Friday reported fourth-quarter net income of $2.7 million.

On a per-share basis, the Novato, California-based company said it had net income of 39 cents. Earnings, adjusted for non-recurring costs, were 76 cents per share.

The jet engine lessor posted revenue of $55.5 million in the period.

For the year, the company reported profit of $14.1 million, or $2.05 per share. Revenue was reported as $207.3 million.

Willis Lease shares have risen slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $25.90, a rise of 26 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLFC at https://www.zacks.com/ap/WLFC

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Keywords: Willis Lease Finance, Earnings Report