Air Transport Services: Q4 Earnings Snapshot

WILMINGTON, Ohio (AP) _ Air Transport Services Group Inc. (ATSG) on Thursday reported fourth-quarter profit of $44.5 million.

The Wilmington, Ohio-based company said it had net income of 57 cents per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, were 52 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 52 cents per share.

The air cargo company posted revenue of $482.4 million in the period.

For the year, the company reported profit of $231.4 million, or $2.83 per share. Revenue was reported as $1.73 billion.

Air Transport Services shares have dropped 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.14, a drop of slightly more than 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATSG at https://www.zacks.com/ap/ATSG