FLY Leasing Q1 Profit Rises - Quick Facts

(RTTNews) - FLY Leasing Limited (FLY) reported first quarter net income of $17.3 million or $0.41 per share compared to $3.6 million or $0.07 per share for the same period in 2014. Adjusted income per share was $0.64 in the first quarter of 2015.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased 34% to $122.5 million and included $120.1 million of operating lease revenue and $1.9 million in gains from the sale of three aircraft. Analysts expected revenue of $114.40 million for the quarter.