DUBLIN (AP) — DUBLIN (AP) — AerCap Holdings NV (AER) on Wednesday reported second-quarter net income of $1.26 billion.
On a per-share basis, the Dublin-based company said it had profit of $7.09. Earnings, adjusted for one-time gains and costs, were $2.83 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.75 per share.
The airplane leasing company posted revenue of $1.89 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2 billion.
AerCap expects full-year earnings to be $11.60 per share.
AerCap shares have risen 18% since the beginning of the year. The stock has increased 20% 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 AER at https://www.zacks.com/ap/AER
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