Actionable news
All posts from Actionable news
Actionable news in AIR: AAR Corp,

AAR shares fall as outlook misses expectations

AAR Corp. AIR, +4.33% issued guidance for its new fiscal year that missed analysts' estimates, though the aviation and defense services company reported that revenue rose 10% for its latest quarter.

The Wood Dale, Ill., company's shares fell 10% to $22.50 in recent after-hours trading, as per-share earnings also missed analysts' expectations.

For the fiscal year ending in May of 2017, AAR forecasted per-share earnings of $1.30 to $1.40 and revenue of $1.7 billion...