Air Lease Q2 Adj $1.23 Beats $0.93 Estimate, Sales $667.29M Miss $684.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Air Lease (NYSE:AL) reported Q2 earnings of $1.23 per share, beating the $0.93 estimate but showing a 22.15% decrease from last year. Sales were $667.29M, missing the $684.97M estimate and down 0.83% from last year.
August 01, 2024 | 8:20 pm
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Air Lease reported Q2 earnings of $1.23 per share, beating estimates but showing a significant YoY decrease. Sales missed estimates and were slightly down YoY.
While Air Lease's earnings per share beat estimates, the significant YoY decrease in earnings and the miss on sales estimates could create mixed reactions in the market. Investors may be concerned about the declining earnings and sales figures, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100