Recap: Fly Leasing Q1 Earnings

Shares of Fly Leasing FLY rose 8% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 1.39% year over year to $1.42, which missed the estimate of $1.45.

Revenue of $121,555,000 lower by 9.76% from the same period last year, which beat the estimate of $120,520,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Fly Leasing hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 08, 2020

Webcast URL: https://edge.media-server.com/mmc/p/zuntmqan

Recent Stock Performance

Company's 52-week high was at $23.21

52-week low: $3.41

Price action over last quarter: down 67.54%

Company Description

Fly Leasing Ltd is principally involved in the commercial aircraft business. In addition, to arranging for the leasing of the fleet the group is also involved acquiring and disposing of aircraft, marketeering aircraft for lease and release, collecting rents and other payments from the lessees of aircraft, monitoring maintenance, insurance and other obligations under leases, and enforcing Fly Leasing's rights against lessees.