Profits fall at AAR Corp

Victoria
By Victoria March 20, 2013 10:39

Profits fall at AAR Corp

AAR Corp has reported an 11% fall in fiscal third-quarter profit due to a drop in sales and the effects of higher income tax expenses. AAR reported income of $18.4 million down from $20.7 million in the year-ago quarter. The latest figures included $9.3 million in income-tax expenses. Sales declined by 2.6% to $520.2 million.
The company has per-share earnings projection for the year, now estimating $1.78 to $1.82. For revenue, it now expects about $2.15 billion.

Victoria
By Victoria March 20, 2013 10:39
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