Recap: FTAI Aviation Q4 Earnings
Portfolio Pulse from Benzinga Insights
FTAI Aviation (NASDAQ:FTAI) reported Q4 earnings with an EPS of $1.09, surpassing the estimate of $0.44 by 147.73%. Revenue increased by $38.45 million from the same period last year. Despite missing EPS estimates last quarter, the share price increased by 6.96% the following day. The company's past earnings performance shows variability in meeting EPS estimates but consistent revenue growth.
February 22, 2024 | 9:45 pm
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FTAI Aviation reported a significant beat on Q4 earnings expectations, with an EPS of $1.09 against estimates of $0.44 and a notable year-over-year revenue increase.
FTAI Aviation's substantial beat on earnings estimates and significant revenue growth are strong indicators of positive performance. Historically, surpassing earnings expectations has been associated with positive stock price movements. Given the company's past performance and the magnitude of the earnings beat, it is likely to have a positive short-term impact on FTAI's stock price.
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