DUBLIN (AP) 鈥� DUBLIN (AP) 鈥� AerCap Holdings NV (AER) on Wednesday reported first-quarter net income of $818.1 million.
The Dublin-based company said it had net income of $4.96 per share. Earnings, adjusted for one-time gains and costs, were $5.39 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.59 per share.
The airplane leasing company posted revenue of $2.24 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.99 billion.
AerCap expects full-year earnings to be $14.50 per share.
AerCap shares have fallen nearly 5% since the beginning of the year. The stock has risen 32% in the last 12 months.
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