767 Deployments Drive First Quarter Revenue Growth
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Air Transport Services Group (ATSG) Misses Q1 EPS by 1c, Sales Beat
May 10, 2016 5:00 PM EDTAir Transport Services Group (NASDAQ: ATSG) reported Q1 EPS of $0.13, $0.01 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $177.4 million versus the consensus estimate of $167.12 million.
Joe Hete, President and Chief Executive Officer of ATSG, said, Under its key multi-year agreements with global leaders DHL and Amazon, and with an increasing number of our freighters deployed under long-term dry leases, ATSG is on a sustainable, diversified growth trajectory, reflected in a 21 percent increase in revenue and our highest Adjusted EBITDA for a first quarter. Margins were affected in part by... More
