RTTNews | Sep 24, 2020 06:20PM EDT

18:20 Thursday, September 24, 2020 (RTTNews.com) - AAR CORP. (AIR) Thursday reported first-quarter loss from continuing operations of $13.9 million or $0.40 per share, compared to income from continuing operations of $17.1 million or $0.49 per share last year.

Adjusted diluted earnings from continuing operations in the first quarter were $0.17 per share compared to $0.57 per share last year.

Sales for the quarter dropped to $400.8 million from $541.5 million last year.

Analysts polled by Thomson Reuters expected a loss of $0.05 per share on revenues of $381.71 million.

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