AAR Q3 2024 Adj EPS $0.85 Beats $0.84 Estimate, Sales $567.300M Miss $569.578M Estimate
Portfolio Pulse from Benzinga Newsdesk
AAR Corp (NYSE:AIR) reported Q3 2024 adjusted EPS of $0.85, surpassing the $0.84 estimate, but its sales of $567.3M fell short of the $569.578M forecast. This represents an 8.87% increase in sales compared to the same period last year.

March 21, 2024 | 8:08 pm
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NEUTRAL IMPACT
AAR Corp reported a mixed Q3 2024 with an EPS beat and a slight sales miss, showing an 8.87% increase in sales year-over-year.
The EPS beat suggests operational efficiency and could be positive for investor sentiment. However, the slight miss in sales forecasts might temper enthusiasm, leading to a neutral short-term impact on the stock price. The year-over-year sales growth indicates underlying strength in the business, supporting a potentially positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100