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

Air China (OTCMKTS:AIRYY) released its earnings results on Thursday. The transportation company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $0.79, Zacks reports. Air China had a negative net margin of 1.31% and a negative return on equity of 6.03%. The business had revenue of $7.76 billion for the quarter, compared to analysts’ expectations 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 company has a market cap of $8.09 billion, a P/E ratio of -23.77 and a beta of 0.13. Air China has a 12-month low of $8.60 and a 12-month high of $19.00. The stock has a fifty day simple moving average of $9.57 and a two-hundred day simple moving average of $12.38.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Air China to a “hold” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Air China presently has a consensus rating of “Hold”.

About Air China

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.