AAR Corp Shares Up 6% on Q3 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/AIR'>AAR Corp. (NYSE:AIR) </a>shares were trading more than 6% higher Wednesday afternoon following the company’s Q3 results, with EPS of $0.63 coming in better than the consensus estimate of $0.58. Revenue was $452 million, beating the consensus of $432.5 million.</p>
<p>Aviation sales were up just under 3% sequentially. The company called out continued growth in the MRO business, but softness early in the quarter in its parts business due to the impact of Omicron. The quarter continued the positive margin narrative, but further margin upside should result from volume growth as sales positively inflect in fiscal 2023-year. </p>

NYSE:AIR