For the first quarter Atlas Air Worldwide posted earnings of 45 cents a share, beating analysts' estimates of 13 cents a share by 13 cents. Revenue grew 6.9% from the year-ago quarter to $403.26 million. Analysts surveyed by Thomson Reuters expected revenue of $371.68 million for the quarter.
"2014 is off to a good start, led by the initiatives we've undertaken to diversify our business mix, expand our aircraft and service offerings, develop new customers and position Atlas to take advantage of market opportunities," president and CEO William J. Flynn said in a press release.
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TheStreet Ratings team rates ATLAS AIR WORLDWIDE HLDG INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate ATLAS AIR WORLDWIDE HLDG INC (AAWW) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins."