RTTNews | Dec 17, 2020 04:56PM EST

16:56 Thursday, December 17, 2020 (RTTNews.com) - AAR Corp. (AIR) Thursday reported second-quarter net income of $8.2 million or $0.23 per share, down from $14.2 million or $0.40 per share last year.

Adjusted earnings from continuing operations in the second quarter were $0.31 per share, compared to $0.64 per share last year.

Sales dropped to $403.6 million from $560.9 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.17 per share on revenues of $409.38 million for the quarter. Analysts' estimates typically exclude one-time items.

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