DUBLIN (AP) — DUBLIN (AP) — AerCap Holdings NV (AER) on Wednesday reported first-quarter profit of $604.2 million.
The Dublin-based company said it had profit of $3.02 per share. Earnings, adjusted for one-time gains and costs, came to $3.29 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.31 per share.
The airplane leasing company posted revenue of $2.02 billion in the period.
AerCap expects full-year earnings to be $9.20 per share.
AerCap shares have climbed 14% since the beginning of the year. The stock has increased 49% 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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