Air Lease (AL) Lags Q2 Earnings and Revenue Estimates

Air Lease (AL) came out with quarterly earnings of $1.23 per share, missing the Zacks Consensus Estimate of$ 1.56 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -21.15%. A quarter ago, it was expected that this company that leases planes to airlines would post earnings of$ 1.49 per share when it actually produced earnings of $1.31, delivering a surprise of -12.08%.Over the last fo ...