Revenue Update on AAR Corp.(NYSE:AIR)

AAR Corp.(NYSE:AIR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jul 12, 2016. Company reported revenue of $458.20M. Analysts estimated a revenue of $452.40M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.47.

AAR Corp. (AIR) made into the market gainers list on Fridays trading session with the shares advancing 1.48% or 0.34 points. Due to strong positive momentum, the stock ended at $23.33, which is also near the day’s high of $23.43. The stock began the session at $23.21 and the volume stood at 3,31,605 shares. The 52-week high of the shares is $32.43 and the 52 week low is $18.36. The company has a current market capitalization of $810 M and it has 3,46,98,633 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Oct 1, 2015, Marc Jay Walfish (director) purchased 20,000 shares at $18.84 per share price.Also, On Jul 17, 2015, Michael J Sharp (VP, Controller & CAO) sold 5,000 shares at $30.21 per share price.On Jul 17, 2015, Peter Pace (director) sold 5,000 shares at $30.32 per share price, according to the Form-4 filing with the securities and exchange commission.

AAR CORP. is a diversified provider of products and services to the worldwide commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services which provides aftermarket support and services for the commercial aviation and government and defense markets and Technology Products which is involved in the design manufacture and repair of transportation pallets and a range of containers and shelters used in support of military and humanitarian tactical deployment activities. The Company’s products services include aviation supply chain and parts support programs; maintenance repair and overhaul of aircraft and landing gear; design and manufacture of specialized mobility and cargo systems and composite and other precision machined structures; expeditionary airlift services and aircraft modifications and aircraft and engine sales and leasing.

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