Why Is AerSale (ASLE) Stock Down 18% Today?

AerSale (NASDAQ:ASLE) stock is down on Friday after releasing its earnings report for the fourth quarter of 2023.The bad news for ASLE stockholders starts with the aftermarket commercial aircraft seller’s adjusted earnings per share of -2 cents during the quarter. That’s well below the 45 cents per share that Wall Street was expecting. It’s also a negative switch over the 23 cents per share reported in the same period of the year prior.AerSales also reported revenue of $94.4 million during the fourth quarte ...