Air Transport Services Group, Inc. Reveals 10% Fall In Q1 Bottom Line

(RTTNews) - Air Transport Services Group, Inc. (ATSG) reported earnings for first quarter that retreated from last year.

The company said its bottom line totaled $8.22 million, or $0.13 per share. This was down from $9.11 million, or $0.14 per share, in last year's first quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 20.6% to $177.39 million. This was up from $147.03 million last year.

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

-Earnings (Q1): $8.22 Mln. vs. $9.11 Mln. last year. -Earnings Decline (Y-o-Y): -9.8% -EPS (Q1): $0.13 vs. $0.14 last year. -EPS Decline (Y-o-Y): -7.1% -Analysts Estimate: $0.14 -Revenue (Q1): $177.39 Mln vs. $147.03 Mln last year. -Revenue Change (Y-o-Y): 20.6%