LOS ANGELES (AP) — LOS ANGELES (AP) — Air Lease Corp. (AL) on Thursday reported second-quarter earnings of $102.9 million.
On a per-share basis, the Los Angeles-based company said it had profit of 81 cents. Earnings, adjusted for pretax expenses and amortization costs, were $1.23 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The company that leases planes to airlines posted revenue of $667.3 million in the period.
Air Lease shares have increased 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $47.71, a climb of 13% 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 Zacks stock report on AL at https://www.zacks.com/ap/AL