Fly Leasing (FLY) Tops Q4 EPS by 80c, Revenues Beat

Fly Leasing (NYSE: FLY) reported Q4 EPS of $2.49, $0.80 better than the analyst estimate of $1.69. Revenue for the quarter came in at $154.25 million versus the consensus estimate of $136.32 million.

Fourth Quarter 2019 Highlights

• Net income of $75.2 million, $2.43 per share
• Adjusted Net Income of $77.0 million, $2.49 per share
• Return on equity of 35.9%, Adjusted return on equity of 36.7%
• Sold ten aircraft for an economic gain of $62.7 million, a 31% premium to book value
• Purchased seven aircraft for $217.0 million

For earnings history and earnings-related data on Fly Leasing (FLY) click here.

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