13.07.2016 - AAR Corp issued a weak forecast
American AAR Corp engaged in the production of goods and provision of services in the aviation industry has reported for the last quarter of the fiscal year. The revenue of the company rose to 458.2 million dollars against 415.8 million dollars during the same period last year. It is worth noting that the weak outlook for 2017 fiscal year will likely lead to a decrease in the company's shares by 15-20% in the near future. Thus, the expected revenue is 1.7-1.8 billion against the average forecast the market at the level of 1.78 billion dollars. We forecast a decline in the corporation’s price in the near future.