FTAI Aviation Ltd (FTAI) experienced a significant pre-market plunge of 7.38% on Thursday, extending losses from the previous trading session.
The sharp decline follows the company's release of fourth-quarter financial results that missed analyst expectations across key metrics. FTAI Aviation reported quarterly adjusted earnings of $1.08 per share, falling short of the mean analyst estimate of $1.26 per share. Revenue of $662.03 million also came in below expectations of approximately $697.41 million.
Despite reporting growth in net income and a dividend increase, investors focused on the below-expectations performance in earnings per share, revenue, and adjusted EBITDA, leading to continued selling pressure in pre-market trading.