Willis Lease Finance Q1 Earnings Fall, Revenue Rises; Shares Fall

MT Newswires Live

05/06

Willis Lease Finance (WLFC) shares fell past 16% in early trading Tuesday after the company reported lower and weaker-than-expected Q1 earnings.

The company reported Q1 earnings Tuesday of $2.21 per diluted share, down from $3 a year earlier.

A single analyst polled by FactSet expected $4.41.

Revenue for the quarter ended March 31 was $157.7 million, up from $119.1 million a year earlier.

A single analyst surveyed by FactSet expected $149 million.

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