Aircastle: 4Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Aircastle Ltd. (AYR) on Tuesday reported fourth-quarter profit of $103.2 million.
The Stamford, Connecticut-based company said it had net income of $1.35 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.43 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The aircraft leasing company posted revenue of $292.6 million in the period.
For the year, the company reported profit of $247.9 million, or $3.17 per share. Revenue was reported as $890.4 million.
Aircastle shares have climbed 19 percent since the beginning of the year. The stock has declined slightly more than 4 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AYR at https://www.zacks.com/ap/AYR