AAR Corp Earnings Advance 7% In Q1

(RTTNews) - AAR Corp (AIR) announced a profit for its first quarter that increased from last year.

The company said its bottom line advanced to $10.6 million, or $0.31 per share. This was higher than $9.9 million, or $0.29 per share, in last year's first quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.5% to $439.2 million. This was up from $404.8 million last year.

AAR Corp earnings at a glance:

-Earnings (Q1): $10.6 Mln. vs. $9.9 Mln. last year. -Earnings Growth (Y-o-Y): 7.1% -EPS (Q1): $0.31 vs. $0.29 last year. -EPS Growth (Y-o-Y): 6.9% -Analysts Estimate: $0.31 -Revenue (Q1): $439.2 Mln vs. $404.8 Mln last year. -Revenue Change (Y-o-Y): 8.5%