Erickson Inc (EAC) Releases Earnings Results, Misses Expectations By $-2.17 EPS

Erickson Inc (EAC) reported quarterly earnings results on Monday, Aug-15-2016. The company reported $-2.81 earnings per share for the quarter, missing the analyst consensus estimate by $-2.17. Analysts had a consensus of $-0.64. The company posted revenue of $50.80 million in the period, compared to analysts expectations of $55.00 million. The company’s revenue was down -24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.44 EPS.

Erickson Inc closed down -0.02 points or -2.90% at $0.67 with 1,08,487 shares getting traded on Friday. Post opening the session at $0.71, the shares hit an intraday low of $0.67 and an intraday high of $0.71 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Erickson Incorporated is a global provider of aviation services to commercial and Government customers. The Company operates a fleet of approximately 86 rotary-wing and fixed-wing aircraft including a fleet of 20 heavy-lift Erickson S-64 Aircranes (Aircranes). Its fleet supports various Government and commercial customers across a range of aerial services including critical supply and logistics for deployed military forces humanitarian relief firefighting timber harvesting infrastructure construction and crewing. It also maintains a vertically-integrated manufacturing capability for the Aircrane related components and other aftermarket support and maintenance repair and overhaul services for the Aircrane and other aircraft. Within its fleet it has approximately 20 Aircranes. Its operating segments include Government Aviation Services Commercial Aviation Services Oil & Gas Aviation Services and Manufacturing/ MRO.

Erickson Inc

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