AAR Corp Stock Jumps as Strong Aviation Demand Fuels Earnings Beat
AAR Corp. reported fourth-quarter financial results that surpassed analyst expectations, driven by strong demand across the aviation industry. The company announced non-GAAP earnings of $0.85 per share on revenue of $566.6 million, a 22.1% year-over-year increase. This growth was fueled by a 20% rise in commercial sales and a 25% increase in government sales. Following the positive report and an optimistic forecast for fiscal 2024, AAR's shares rose significantly in after-hours trading.
Official Source: https://seekingalpha.com/news/4568208-aar-tops-estimates-on-aviation-demand-shares-rise
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