AerCap: Q3 Earnings Snapshot

DUBLIN (AP) — DUBLIN (AP) — AerCap Holdings NV (AER) on Wednesday reported third-quarter net income of $1.22 billion.

On a per-share basis, the Dublin-based company said it had profit of $6.98. Earnings, adjusted for one-time gains and costs, came to $4.97 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.16 per share.

The airplane leasing company posted revenue of $2.31 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.01 billion.

AerCap expects full-year earnings to be $13.70 per share.

AerCap shares have climbed 26% since the beginning of the year. The stock has climbed 26% 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