Reports Q3 revenue $1.89B, consensus $1.89B. “This was another great quarter for AerCap. We generated adjusted net income of $639M and adjusted EPS of $2.81. As a result of this strong performance and our outlook for the rest of the year, we are once again raising our guidance for the year. Our underlying business continues to perform well and demand for our assets remains robust, evidenced by the significant number of transactions completed during the quarter. We are pleased to announce a new $500M share repurchase program, taking total authorizations to $2.65BB so far this year and underlying our confidence in the value on offer today,” said Aengus Kelly, CEO.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AER:
- AER Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- AerCap announces new lease agreement with Turkish Airlines
- 3 Best Stocks to Buy Now, 10/10/2023, According to Top Analysts
- AerCap announced major business transactions in Q3
- AerCap delivers first of eight new Airbus A321neo aircraft to Latam Airlines