Air Lease Corp (NYSE:AL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Air Lease Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 46.43% to $0.41 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 31.44% to $207.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Air Lease Corp reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.40. It beat the average revenue estimate of $206.51 million.
Quoting Management: “Our strong results continued during the second quarter as we increased our fully diluted EPS by 46% compared to Q2 of 2012. With an eye towards our customers’ future requirements, and ALC’s long term growth, we placed a launch order for the Boeing 787-10 at the Le Bourget Airshow, which will begin delivering in 2019. The growth in overall global passenger traffic remains at or above our expectations and we continue to see steady demand for our aircraft,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation.
Key Stats (on next page)…