Air Transport Services Group, Inc. Profit Falls 34% In Q3

(RTTNews) - Air Transport Services Group, Inc. (ATSG) revealed earnings for third quarter that dropped from last year.

The company said its profit came in at $6.56 million, or $0.10 per share. This was down from $9.91 million, or $0.15 per share, in last year's third quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.8% to $142.31 million. This was up from $138.44 million last year.

Air Transport Services Group, Inc. earnings at a glance:

-Earnings (Q3): $6.56 Mln. vs. $9.91 Mln. last year. -Earnings Decline (Y-o-Y): -33.8% -EPS (Q3): $0.10 vs. $0.15 last year. -EPS Decline (Y-o-Y): -33.3% -Analysts Estimate: $0.11 -Revenue (Q3): $142.31 Mln vs. $138.44 Mln last year. -Revenue Change (Y-o-Y): 2.8%