Air Lease (AL) Misses Q1 EPS by 7c, Miss on Revenue

Air Lease (NYSE: AL) reported Q1 EPS of $0.78, $0.07 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $360.2 million versus the consensus estimate of $369.78 million.

Financial results for the three months ended March 31, 2017:

• Revenues:

• $360.2 million for the three months ended March 31, 2017
• • Diluted earnings per share:
• $0.78 for the three months ended March 31, 2017

• Adjusted diluted earnings per share before income taxes:

• $1.33 for the three months ended March 31, 2017

• Margin:

• Pre-tax margin of 37.2% for the three months ended March 31, 2017
• Adjusted pre-tax margin of 40.7% for the three months ended March 31, 2017

• Return on equity:

• Pre-tax return on equity of 17.4% for the trailing twelve months ended March 31, 2017
• Adjusted pre-tax return on equity of 18.8% for the trailing twelve months ended March 31, 2017

For earnings history and earnings-related data on Air Lease (AL) click here.

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