Breaking Finance News

Atlas Air Worldwide Reports Q2 Earnings Miss (AAWW)

Atlas Air Worldwide Holdings (NASDAQ: AAWW) reported second quarter EPS of $0.79 versus consensus $0.87. EPS were down 33 percent year over year. Revenue came in at $403.60 million versus the estimated $409.33 million.

Other highlights include:

  • Adjusted Net Income of $20.4 Million, $0.79 per Share
  • Reported Net Income of $20.1 Million, $0.78 per Share
  • 1.52 Million Shares Repurchased during Six Months Ended June 30
  • Reaffirms Adjusted EPS Outlook of $4.80

“…we are executing a strategic plan that leverages our core competencies. In July, we acquired our second and third 777 freighters for our Dry Leasing business. Each of our 777s was acquired with a long-term customer lease in place with a leading operator in the airfreight industry. These investments enhance our position in an attractive aircraft type, and they generate predictable, long-term revenue and earnings streams.”

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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