AerCap Holdings (AER) Tops Q3 EPS by 24c; Approves $250M Stock Buyback Plan

November 8, 2016 7:44 AM EST

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AerCap Holdings (NYSE: AER) reported Q3 EPS of $1.68, $0.24 better than the analyst estimate of $1.44. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.2 billion.

Share Repurchase Program

We have authorized a $250 million share repurchase program, which will run through March 31, 2017. Repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable U.S. federal securities laws. The timing of repurchases and the exact number of shares of common stock to be purchased will be determined by the Company’s management, in its discretion, and will depend upon market conditions and other factors. The program will be funded using the Company’s cash on hand and cash generated from operations. The program may be suspended or discontinued at any time.

For earnings history and earnings-related data on AerCap Holdings (AER) click here.

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