Revenue Update on Atlas Air Worldwide Holdings(NASDAQ:AAWW)

Atlas Air Worldwide Holdings(NASDAQ:AAWW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $443.27M. Analysts estimated a revenue of $473.86M. Earnings per share were $0.80. Analysts had estimated an EPS of $0.95.

Atlas Air Worldwide Holdings (AAWW) shares turned negative on Fridays trading session with the shares closing down -0.34 points or -0.97% at a volume of 3,77,903. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.47. The peak price level was also seen at $35.47 while the days lowest was $34.44. Finally the shares closed at $34.68. The 52-week high of the shares is $57.77 while the 52-week low is $31.99. According to the latest information available, the market cap of the company is $861 M.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, William J Flynn (President & CEO) sold 10,000 shares at $45.01 per share price.Also, On May 27, 2016, Keith H. Mayer (Vice President & Controller) sold 2,000 shares at $44.23 per share price.On May 27, 2016, Adam Richard Kokas (EVP, GC & Secty.) sold 1,858 shares at $44.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Atlas Air Worldwide Holdings Inc. (AAWW) is a holding company with a principal wholly owned operating subsidiary Atlas Air Inc. (Atlas). The Company is a global provider of outsourced aircraft and aviation operating services operating a fleet of around 747 freighters as well as operating 747 and 767 passenger aircraft and 767 freighters. It operates through three segments: ACMI Charter and Dry Leasing. The ACMI segment provides aircraft crew maintenance and insurance services to customers. Also included in the ACMI segment is CMI which provides crew maintenance and insurance services. The Charter segment provides full planeload air cargo and passenger aircraft charters to customers including the air mobility command (AMC) brokers freight forwarders direct shippers airlines sports teams and fans and private charter customers. The Dry Leasing segment provides the leasing of aircraft and engines to customers and operates through Titan a cargo aircraft dry lessor.

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