Willis Lease Finance Corp. falls despite Q4 profit rise
Shares of Willis Lease Finance Corp. (Nasdaq:WLFC), which is a lessor of commercial aircraft engines, have declined despite news before the opening of rise in fourth-quarter profit. The Novato, Calif.-based company reported that net income for the three months ended Dec. 31, 2007, was $0.48 per share, compared with a net loss of $0.19 per share a year earlier.
Net income for the 2007 year was $14.5 million, or $1.66 per share, compared with $14.9 million, or $1.56 per share, in 2006.
At 3:17 p.m. ET, the stock was down $0.71, or 5%, to $13.00. For detailed price information and recent news stories about Willis Lease Finance, click WLFC.
