Update: AAR Shares Fall After Fiscal Q3 Revenue Misses Estimates

MT Newswires Live
29 Mar

(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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