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Stock impact report

AerSale (ASLE) Shares Skyrocket, What You Need To Know [Yahoo! Finance]

AerSale Corporation (ASLE) 
Company Research Source: Yahoo! Finance
Shares of aerospace and defense company AerSale (NASDAQ:ASLE) jumped 9.1% in the afternoon session after the company posted second-quarter results that beat analyst expectations on both the top and bottom lines. The aviation solutions provider reported adjusted earnings of $0.20 per share, crushing Wall Street's consensus estimate of $0.03. Revenue also impressed, rising 39.3% year-over-year to $107.4 million, which was well ahead of the $86.33 million analysts had anticipated. This performance highlights healthy demand for the company's offerings, which include sales, leasing, and maintenance for mid-life commercial aircraft. The company's profitability saw a dramatic improvement, as its operating margin surged to 11.7%, a significant turnaround from a negative 2.4% in the same quarter last year. This strong bottom-line result was also reflected in its free cash flow, which turned positive at $18.61 million, compared to a burn of $18.94 million in the prior-year period. Show less Read more
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