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What: Shares of aviation outsourcing company Atlas Air Worldwide
So what: This quarter it's all about missing high earnings expectations for Atlas Air Worldwide. Revenue increased 7.9% to $388.2 million, but it fell short of the $407.8 million bar analysts had set. Earnings didn't impress either, coming in at $1.50 per share, short of a $1.89 per share expectation.
Now what: Expectations were not only set out of reach for the fourth quarter, they appear to be too high for 2012. The company said earnings per share would be in excess of $5.10 per share, short of analysts' estimate of $5.69 in earnings per share. Even if the low end of expectations are reached, shares are trading at just nine times earnings for 2012, a decent value considering the company's growth.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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