WILMINGTON, Ohio (AP) — WILMINGTON, Ohio (AP) — Air Transport Services Group Inc. (ATSG) on Monday reported fourth-quarter net income of $14.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Wilmington, Ohio-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs, came to 40 cents per share.
The air cargo company posted revenue of $516.8 million in the period.
For the year, the company reported profit of $27.4 million, or 40 cents per share. Revenue was reported as $1.96 billion.
Air Transport Services shares have risen 1.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $22.32, an increase of 84% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATSG at https://www.zacks.com/ap/ATSG
/A%20corporate%20sign%20for%20SK%20Hynix%20by%20Tada%20Images%20via%20Adobe%20Stock.jpeg)
/2d%20illustration%20of%20Cloud%20computing%20by%20Blackboard%20via%20Shutterstock.jpg)
/Server%20racks%20by%20dotshock%20via%20Shutterstock.jpg)