Air Industries (AIRI) Reports Q2 Loss, Tops Revenue Estimates

Air Industries (AIRI) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +26.67%. A quarter ago, it was expected that this maker of parts for the aerospace industry and defense contractors would post a loss of $0.04 per share when it actually produced a loss of $0.27, delivering a surprise o ...