Air T, Inc. (AIRT) Reports Q2 EPS of $0.52
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Air T, Inc. Reports Unaudited Second Quarter Earnings
November 14, 2016 4:35 PM ESTMAIDEN, N.C., Nov. 14, 2016 /PRNewswire/ --Â Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net earnings of $1,069,000 ($0.52 per diluted share) for fiscal 2017's second quarter ended September 30, 2016 compared to consolidated net earnings of $3,794,000 ($1.58 per diluted share) for the similar fiscal 2016 period.
Consolidated revenues net of intercompany eliminations decreased by $6,131,000 (14%) to $38,523,000 for the quarter ended September 30, 2016 compared to $44,654,000 in the same quarter in the prior fiscal year. Consolidated operating income net of intercompany eliminations decreased by $4,483,000 (81%) to $1,022,000 for the quarter ended September 30, 2016, as compared to $5,505,000 the same quarter in... More
