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FTAI Aviation Q2 Swings to Loss, Revenue Increases; Shares Rise After-Hours
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FTAI Aviation Q2 Swings to Loss, Revenue Increases; Shares Rise After-Hours
Jul 23, 2024 2:08 PM

04:51 PM EDT, 07/23/2024 (MT Newswires) -- FTAI Aviation ( FTAI ) reported a Q2 loss late Tuesday of $2.26 per diluted share, compared with earnings of $0.46 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.46.

Revenue for the quarter ended June 30 was $443.6 million, up from $274.4 million a year earlier. Analysts polled by Capital IQ expected $363.7 million.

The company kept its quarterly dividend at $0.30 per share, payable Aug. 20 to shareholders of record Aug. 12.

Shares of the company were up more than 5% in after-hours activity.

Price: 113.75, Change: +5.91, Percent Change: +5.48

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