Air China (OTCMKTS:AIRYY) Releases Quarterly Earnings Results, Beats Expectations By $0.79 EPS

Air China (OTCMKTS:AIRYY) announced its earnings results on Thursday. The transportation company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.73) by $0.79, Zacks reports. Air China had a negative return on equity of 6.03% and a negative net margin of 1.31%. The company had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.57 billion.

Air China Stock Performance

Air China stock remained flat at $9.27 during midday trading on Friday. The company had a trading volume of 1 shares, compared to its average volume of 194. The business’s 50 day moving average is $9.57 and its two-hundred day moving average is $12.38. Air China has a 1 year low of $8.60 and a 1 year high of $19.00. The company has a market capitalization of $8.09 billion, a PE ratio of -23.77 and a beta of 0.13.

Analyst Ratings Changes

Separately, Zacks Research raised Air China to a “hold” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Air China Company Profile

Air China Limited is a China-based commercial airline and the country’s national flag carrier. The company provides scheduled passenger air transportation, air cargo services and related aviation services through its principal operating brands, including Air China.

Headquartered in Beijing, Air China serves destinations across mainland China and connects the country with international markets in Asia, Europe, North America, Oceania and other regions. Its operations include domestic and long-haul international flights, as well as services related to freight transportation, aircraft maintenance and airline catering.

Air China was established in 1988 and has developed into one of China’s largest airlines.