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DUBLIN (AP) — DUBLIN (AP) — AerCap Holdings NV (AER) on Thursday reported fourth-quarter profit of $495 million.
On a per-share basis, the Dublin-based company said it had net income of $2.04. Earnings, adjusted for one-time gains and costs, came to $2.66 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.
The airplane leasing company posted revenue of $1.83 billion in the period.
For the year, the company reported a loss of $726 million, or $3.02 per share, swinging to a loss in the period. Revenue was reported as $7.01 billion.
AerCap shares have increased 8% since the beginning of the year. The stock has increased 19% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AER">Zacks stock report on AER at https://www.zacks.com/ap/AER