AAR Corp Bottom Line Retreats 47% In Q2

(RTTNews) - AAR Corp (AIR) reported earnings for second quarter that dropped from last year.

The company said its earnings declined to $8.0 million, or $0.23 per share. This was down from $15.2 million, or $0.38 per share, in last year's second quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.1% to $423.8 million. This was up from $403.3 million last year.

AAR Corp earnings at a glance:

-Earnings (Q2): $8.0 Mln. vs. $15.2 Mln. last year. -Earnings Decline (Y-o-Y): -47.4% -EPS (Q2): $0.23 vs. $0.38 last year. -EPS Decline (Y-o-Y): -39.5% -Analysts Estimate: $0.29 -Revenue (Q2): $423.8 Mln vs. $403.3 Mln last year. -Revenue Change (Y-o-Y): 5.1%