e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
Investing.com - AerCap Holdings (NYSE:AER) shares climbed 4.1% on Wednesday after the aviation leasing giant reported third-quarter adjusted earnings that significantly exceeded analyst expectations and raised its full-year outlook.
The company posted adjusted earnings of $4.97 per share for the third quarter, substantially beating the analyst consensus of $3.08. Revenue came in at $1.89 billion, slightly below the $1.99 billion consensus estimate.
AerCap’s quarterly performance was boosted by record asset sales, which generated $332 million in gains - the highest quarterly amount in company history.
"We generated record adjusted net income and adjusted EPS and sold $1.5 billion of assets, producing gains on sale of $332 million, our highest amount ever for a quarter," said Aengus Kelly, Chief Executive Officer of AerCap.
Following these strong results, AerCap raised its full-year 2025 adjusted earnings guidance to approximately $13.70 per share, above the analyst consensus of $12.86. The company also reported a 5% YoY increase in basic lease rents to $1.69 billion.
During the quarter, AerCap returned $1 billion to shareholders through share repurchases, buying back 8.2 million shares at an average price of $119.95. The company also recovered an additional $475 million related to assets lost in the Ukraine conflict, bringing total recoveries since 2023 to $2.9 billion.
AerCap’s book value per share reached $109.22 as of September 30, representing a 20% increase from the same period last year. The company maintained a strong financial position with an adjusted debt-to-equity ratio of 2.1 to 1.
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