Air Transport Services: 3Q Earnings Snapshot
WILMINGTON, Ohio (AP) _ Air Transport Services Group Inc. (ATSG) on Wednesday reported third-quarter profit of $105.3 million.
The Wilmington, Ohio-based company said it had net income of 19 cents per share. Earnings, adjusted for one-time items, came to 31 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The air cargo company posted revenue of $366.1 million in the period.
Air Transport Services shares have fallen almost 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.71, an increase of 13% in the last 12 months.