AAR FY 2024 Adj EPS $3.33 Beats $3.31 Estimate, Sales $2.30B Miss $2.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
AAR (NYSE:AIR) reported its FY 2024 adjusted EPS of $3.33, beating the analyst consensus estimate of $3.31. However, the company's quarterly sales of $2.30 billion missed the analyst consensus estimate of $2.32 billion.
July 18, 2024 | 8:09 pm
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NEUTRAL IMPACT
AAR's adjusted EPS of $3.33 beat the consensus estimate of $3.31, but its sales of $2.30 billion missed the $2.32 billion estimate. This mixed result may lead to short-term volatility in the stock price.
The beat on EPS is a positive sign, but the miss on sales could concern investors. The mixed results are likely to cause short-term volatility as the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100