Avolon Profit Drops 33% In Q3

(RTTNews) - Avolon (avol) revealed earnings for third quarter that lost ground compared to the same period last year.

The company said its bottom line fell to $50.96 million, or $0.62 per share. This was down from $75.92 million, or $0.92 per share, in last year's third quarter.

The company said revenue for the quarter fell 18.6% to $164.44 million. This was down from $201.94 million last year.

Avolon earnings at a glance:

-Earnings (Q3): $50.96 Mln. vs. $75.92 Mln. last year. -Earnings Decline (Y-o-Y): -32.9% -EPS (Q3): $0.62 vs. $0.92 last year. -EPS Decline (Y-o-Y): -32.6% -Revenue (Q3): $164.44 Mln vs. $201.94 Mln last year. -Revenue Change (Y-o-Y): -18.6%