Fly Leasing Reports Second Quarter 2019 Financial Results

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Go back to Fly Leasing Reports Second Quarter 2019 Financial Results

Fly Leasing (FLY) Tops Q2 EPS by 49c

August 22, 2019 7:02 AM EDT

Fly Leasing (NYSE: FLY) reported Q2 EPS of $1.92, $0.49 better than the analyst estimate of $1.43. Revenue for the quarter came in at $147.03 million versus the consensus estimate of $140.66 million.

Highlights

Net income of $54.1 million, $1.68 per shareAdjusted Net Income of $61.9 million, $1.92 per shareSold seven aircraft for an economic gain of $18.9 million, a 10% premium to book valueRepurchased 1.47 million shares at an average price of $16.53 per share$24.28 book value per share at quarter end, a 13% increase since December 31,... More