Air China (OTCMKTS:AIRYY) Announces Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Air China (OTCMKTS:AIRYY - Get Free Report) released its earnings results on Friday. The transportation company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.26), Zacks reports. The business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $38.59 billion. Air China had a negative net margin of 0.26% and a negative return on equity of 1.16%.

Air China Stock Down 10.7 %

Shares of AIRYY stock traded down $1.43 during trading on Wednesday, hitting $11.97. 205 shares of the company were exchanged, compared to its average volume of 738. Air China has a twelve month low of $7.51 and a twelve month high of $14.40. The business's 50-day simple moving average is $12.53 and its 200 day simple moving average is $11.82. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.23 and a current ratio of 0.27. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of -132.98 and a beta of 0.36.

Air China Company Profile

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, China, and internationally. The company operates in Airline Operations and Other Operations segments. It provides aircraft engineering and airport ground handling services.