Investing.com - Atlas Air reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Atlas Air announced earnings per share of $2.69 on revenue of $1.1B. Analysts polled by Investing.com EPS of $4.31 on revenue of $1.2B.
Atlas Air 's are down 26.01% and is trading at $100.17 , still down 1.43% from its 52 week high of $101.62 set on Wednesday, August 10, 2022.
Atlas Air shares lost 0.72% to trade at $100.17 in intra-day trade 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 Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.2B, EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $17B, for EPS of $1.14 on revenue of $17.31B.
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