Investing.com - Air Lease reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Air Lease announced earnings per share of $1.32 on revenue of $561.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $591.3M.
Air Lease shares are up 18% from the beginning of the year and are trading at $34.62 , down-from-52-week-high.
Air Lease follows other major Industrials sector earnings this month
Air Lease's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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