Atlas Air reports 3Q loss

PURCHASE, N.Y. (AP) _ Atlas Air Worldwide Holdings (AAWW) on Tuesday reported a loss of $24.2 million in its third quarter.

On a per-share basis, the Purchase, New York-based company said it had a loss of 96 cents. Earnings, adjusted for one-time gains and costs, were $1.08 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The airplane leasing company and service provider posted revenue of $535.7 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $530.2 million.

Atlas Air shares have increased 17 percent since the beginning of the year. The stock has climbed 41 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AAWW at