Air Lease beats 4Q profit forecasts
Air Lease Corp. Thursday reported Q4 profit of $471.1m. The Los Angeles-based company said it had profit of $4.22 per share. Earnings, adjusted for pretax gains, were $1.06 per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share. The company that leases planes to airlines posted revenue of $398.5m in the period. For the year, the company reported profit of $756.2m, or $6.82 per share. Revenue was reported as $1.45b.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-02-23/general/air-lease-beats-4q-profit-forecasts
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Air Lease beats 4Q profit forecasts
Air Lease Corp. Thursday reported Q4 profit of $471.1m. The Los Angeles-based company said it had profit of $4.22 per share. Earnings, adjusted for pretax gains, were $1.06 per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share. The company that leases planes to airlines posted revenue of $398.5m in the period. For the year, the company reported profit of $756.2m, or $6.82 per share. Revenue was reported as $1.45b.<br/>
