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August 9, 2009
Edited: August 9, 2009
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Aircastle beats by $0.02, beats on revs (7.81 )
Reports Q2 (Jun) earnings of $0.34 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.32; revenues fell 5.8% year/year to $136.9 mln vs the $125.5 mln consensus
My target is $12 or 25% upside in next 10 days - stop loss will be 7.85 just below yesterdays open. One can use a tighter stop of 8.35 or 30 above yesterdays open