StandardAero, Inc. (NYSE: SARO) saw its shares plummet 7.24% in after-hours trading on Wednesday, following the release of its second-quarter earnings report. The aerospace company's results painted a mixed picture, with revenue surpassing expectations but earnings falling short of analyst estimates.

For the quarter ended June 30, StandardAero reported earnings per share (EPS) of $0.20, missing the analyst consensus estimate of $0.21 by 4.76%. However, this represents a significant improvement from the $0.02 per share earned in the same period last year. The company's quarterly revenue climbed to $1.529 billion, beating the analyst consensus estimate of $1.495 billion by 2.25% and marking a 13.51% increase from $1.347 billion in the year-ago quarter.

Despite the revenue beat and a raised full-year guidance, investors appeared to focus on the earnings miss. StandardAero increased its full-year revenue guidance to a range of $5.875 billion to $6.025 billion, up from the previous forecast of $5.83 billion to $5.98 billion. The new guidance surpasses the average analyst projection of $5.94 billion. The sharp stock decline in after-hours trading suggests that market participants may have had higher expectations for the company's performance or are concerned about other factors not immediately apparent in the headline numbers. Investors will likely be looking for more details on the company's earnings call to understand the factors behind the lower-than-expected EPS and the outlook for the rest of the year.