Air Lease Q2 EPS $1.58 Beats $1.09 Estimate, Sales $672.90M Beat $657.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
Air Lease (NYSE:AL) reported Q2 earnings of $1.58 per share, beating the analyst consensus estimate of $1.09 by 44.95%. This is a 13.67% increase from the same period last year. The company also reported quarterly sales of $672.90 million, beating the analyst consensus estimate of $657.68 million by 2.31%. This is a 20.66% increase from the same period last year.
August 04, 2023 | 2:30 pm
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POSITIVE IMPACT
Air Lease's Q2 earnings and sales beat analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Air Lease's earnings and sales for Q2 have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The YoY growth in both earnings and sales further strengthens the company's financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100