S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

AAR Net Tumbles 59%, Finish Line Net Plunges 15%


Author: Mukesh Buch
ticker.com
Last Update: 4:12 AM ET September 23 2016

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.

Earnings Review

AAR Corp (AIR), 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 (FINL), 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.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc