AAR (AIR) Q3 Earnings Surpass Estimates, Sales Rise Y/Y

AAR Corp. (AIR) reported third-quarter fiscal 2024 adjusted earnings of 85 cents per share, which surpassed the Zacks Consensus Estimate of 84 cents by 1.2%. The bottom line improved 13.3% from the year-ago quarter’s level.The company reported GAAP earnings per share (EPS) of 39 cents compared with 62 cents in the prior-year quarter.Total SalesIn the quarter under review, AAR generated net sales of $567.3 million. The reported figure missed the Zacks Consensus Estimate of $568 million by 0.1% but increased ...