Investing.com - Atlas Air (NASDAQ:AAWW) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Atlas (NYSE:ATCO) Air announced earnings per share of $2.69 on revenue of $1.1B. Analysts polled by Investing.com anticipated EPS of $4.31 on revenue of $1.2B.
Atlas Air shares are down 26.01% from the beginning of the year, still down 1.43% from its 52 week high of $101.62 set on August 10.
Atlas Air shares lost 0.72% in intra-day trade following the report.
Atlas Air follows other major Industrials sector earnings this month
Atlas Air's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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