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AAR Corp. (AIR) Tops Q3 EPS by 3c, Revenues Beat; Withdraws FY20 Guidance, Citing 'Macro Uncertainty from Impact of COVID-19'
March 24, 2020 4:11 PM EDTAAR Corp. (NYSE: AIR) reported Q3 EPS of $0.67, $0.03 better than the analyst estimate of $0.64. Revenue for the quarter came in at $553.1 million versus the consensus estimate of $550.29 million.
Reported third quarter Fiscal Year 2020 consolidated sales of $553.1 million and income from continuing operations of $2.6 million, or $0.07 per diluted share. Third quarter results included a predominantly non-cash pretax charge of $24.7 million primarily resulting from restructuring and exiting underperforming contracts in commercial programs. For the third quarter of the... More
