Fly Leasing Reports First Quarter 2020 Financial Results
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Fly Leasing (FLY) Misses Q1 EPS by 3c, Revenues Beat
May 8, 2020 7:11 AM EDTFly Leasing (NYSE: FLY) reported Q1 EPS of $1.42, $0.03 worse than the analyst estimate of $1.45. Revenue for the quarter came in at $121.56 million versus the consensus estimate of $120.52 million.
Highlights
Net income of $38.1 million, $1.24 per shareAdjusted Net Income of $43.6 million, $1.42 per shareReturn on equity of 17.2%, Adjusted return on equity of 19.7%Sold six aircraft and two engines for a gain of $31.7 million, a 20% premium to... More