Atlas Air Worldwide Holdings (AAWW) Releases Earnings Results, Beats Expectations By $0.05 EPS

Atlas Air Worldwide Holdings (AAWW) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.26. The company posted revenue of $418.60 million in the period, compared to analysts expectations of $418.61 million. The company’s revenue was down -5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Atlas Air Worldwide Holdings closed down -0.71 points or -1.82% at $38.32 with 2,94,112 shares getting traded on Wednesday. Post opening the session at $38.89, the shares hit an intraday low of $38.23 and an intraday high of $39.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 21, 2015, Carol B Hallett (director) sold 2,000 shares at $42.16 per share price. According to the SEC, on Jun 8, 2015, John W Dietrich (EVP & COO) sold 5,536 shares at $54.76 per share price. On Jun 3, 2015, William J Flynn (President & CEO) sold 1,429 shares at $55.03 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.

Atlas Air Worldwide Holdings

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