Atlas Air Worldwide Raises Guidance

Atlas Air Worldwide Holdings shares were higher 2% in recent pre-market trade after the provider of outsourced aircraft and aviation operating services to air-cargo services, reported Q2 earnings above Street views on strong revenue growth. AAWW was at $61.20 recently, the highest level since 2011, if it holds into regular trading. The current 52-week range is between $34.22 and $60.35.

Atlas Air reported adjusted earnings of $1.09 per share, above the Street view of $0.89 as compiled by Capital IQ, and up from $0.80 a year ago. Revenue was $517.4 million, above the Street view of $500.4 million and up from from $443.3 million a year ago. In revised guidance, Atlas said, “We expect our adjusted income from continuing operations, net of taxes, in 2017 to grow by a percentage in the mid-teens compared with 2016 adjusted income of $114.3 million, approximately double the midpoint of our prior view of mid-single-digit to low-

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