AAR Corp. (AIR) Posts Q3 EPS of 5c

AAR Corp. (NYSE: AIR) reported Q3 EPS of $0.05, $0.40 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $380.1 million versus the consensus estimate of $509.79 million.

Third quarter results included a $46.4 million pre-tax impairment charge for the write down of the Precision Systems Manufacturing business to the expected sales value, a $4.7 million pre-tax impairment charge to reduce the carrying value of aircraft for sale by the Company's airlift business, and $2.5 million of severance due to downsizing and costs related to a large government proposal.

For earnings history and earnings-related data on AAR Corp. (AIR) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Boost Run, Inc. (BRUN) Reports Q2 Revenue of $31.1M
• Silexion Therapeutics (SLXN) Tops Q2 EPS by 793c