Update: AAR Shares Fall After Fiscal Q3 Revenue Misses Estimates

MT Newswires Live

03-29

(Updates with stock price movement in the headline and first paragraph.)

AAR (AIR) shares fell over 14% in recent trading Friday after the company's fiscal Q3 revenue missed analysts' estimates.

The company reported fiscal Q3 adjusted earnings late Thursday of $0.99 per diluted share, up from $0.85 a year earlier.

Analysts polled by FactSet expected $0.96.

Revenue for the quarter that ended Feb. 28 was $678.2 million, up from $567.3 million a year earlier.

Analysts surveyed by FactSet expected $699 million.

Price: 58.56, Change: -9.79, Percent Change: -14.32

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