Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of aircraft products and service provider AAR
So what: It was a mixed announcement as the company beat analysts' estimates on revenue but fell short on earnings per share. Revenue rose 19% to $479.3 million, compared to the estimate of $453.2 million, while earnings per share of $0.41 didn’t quite meet the $0.45 consensus. Meanwhile, gross margin ticked down to 15.6% from 17.3%.
Now what: The company, which competes with larger rival Goodrich
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