Atlas Air Worldwide Increases Annual Outlook on Strong First-Quarter Earnings

On May 3, Atlas Air Worldwide Holdings, Inc. (AAWW) announced that the company’s first-quarter volume and revenue increased by 20%. Encouraged by the strong first-quarter financial results, the company increased its annual earnings guidance. Atlas Air Worldwide now expects earnings growth to top 30% during the 2018 fiscal year.

 

Sonal alerted its subscribers about the news at 8:00 am. The next trade took place at 8:11 am for $62.75. Regular market trading opened at $64.  After strong results on the day of the event, the stock price continued to climb over the next five trading days. Atlas Air Worldwide closed at $68.50 on May 10.

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