24-Sep-2009 1:20 PM
AAR Corp surges on 1QFY2010 results, more work for MTU, ratings downgrade for B/E Aerospace
Analysis
Aviation and defence supplier, AAR Corp, reported a 5% reduction in sales for 1QFY2009 (three months ended 31-Aug-2009) and a 50% reduction in net profit, to USD10.2 million. The results beat market estimates, sending the company's shares up 11% on Tuesday, the biggest single day gain for the company for more than two months.
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