Fly Leasing: 3Q Earnings Snapshot
DUN LAOGHAIRE, Ireland (AP) _ Fly Leasing Ltd. (FLY) on Friday reported third-quarter earnings of $51.7 million.
On a per-share basis, the Dun Laoghaire, Ireland-based company said it had net income of $1.67. Earnings, adjusted for non-recurring costs, were $1.93 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The commercial aircraft leasing company posted revenue of $139 million in the period.
Fly Leasing shares have more than doubled since the beginning of the year. The stock has risen 67% in the last 12 months.