Air Lease (AL) Q4 Earnings & Revenues Beat Estimates
ALAir Lease (AL) Zacks Investment Research·2024-02-20 21:51

Air Lease Corporation (AL) reported better-than-expected fourth-quarter 2023 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate.AL’s quarterly earnings per share (EPS) of $1.89 surpassed the Zacks Consensus Estimate of $1.1 and improved 56.2% on a year-over-year basis. Upbeat revenues aided the results.Total revenues of $716.6 million outpaced the consensus estimate of $683.5 million and surged 19.11% year over year, owing to continuous growth in the company’s fleet and an inc ...