12:00 PM New York – AAR first-quarter net tumbled 59% to $10 million but revenues advanced 5% to $405 million. Finish Line second-quarter net plunged 15% to $22 million but sales jumped 5% to $509 million.
Tollbooth Index fell 33.16 or 0.3% to 11,059.24.
), the aircraft equipment maker said sales in the first-quarter ending on September 3 advanced 4.7% from a year ago to $404.8 million.
Net income in the quarter tumbled 58.5% to $9.5 million or 28 cents per diluted share compared to the $22.9 million or 65 per share from the same quarter last year.
Finish Line Inc
), the specialty retailer said revenues in the second-quarter ending on August 27 jumped 5.4% from a year ago to $509.4 million.
Comparable store sales in the quarter soared 5.1%.
Net income in the quarter plunged 14.7% to $22.1 million or 53 cents per diluted share compared to the $25.9 million or 57 cents per share from the same quarter last year.
The retailer forecasted comparable store sales to increase between 3% and 5% and diluted earnings per share in the range of $1.50 to $1.56.