NEW YORK (TheStreet) -- AAR Corp (AIR) shares are up 8.8% to $27.89 on Wednesday after reporting mixed fourth quarter earnings results that saw earnings surpass estimates despite revenue that fell below analysts expectations.
The aviation services provider reported earnings of 43 cents per diluted share, 2 cents better than analysts expectation, on revenue of $505.4 million which fell below analysts $523 million estimates.
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TheStreet Ratings team rates AAR CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AAR CORP (AIR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."