FX.co ★ Air Transport Services Group, Inc. Q3 Earnings Summary

Air Transport Services Group, Inc. (ATSG) recently released its earnings results for the third quarter. The company reported a net loss of $3.3 million, a significant drop from the $17.2 million profit recorded in the same quarter the previous year. This translates to an earnings per share (EPS) of -$0.05, down from $0.24 in the prior year. When adjusted for certain items, ATSG's earnings stood at $8.8 million, or $0.13 per share, for the quarter. This falls short of analysts' expectations, which projected an EPS of $0.17. Additionally, the company's revenue decreased to $471.253 million, compared to $523.137 million in the corresponding period of the previous year.