Willis Lease jumps 21% on improved Q2 performance
Willis Lease Financial Corpʼs (Nasdaq: WLFC) stock climbed 21% this morning after the company reported before the market opened this morning that its net earnings grew 46% in the second quarter.
For the three months ended June 30, the Novato, Calif.-based lessor of commercial jet engines earned $6.4 million, or $0.69 per share, compared with $4.4 million, or $0.44 per share.
No major analysts follow the company.
Willis Lease said that as airlines feel more pressure due to higher fuel prices, they increasingly turn to leasing.
In morning trading, Willis Lease up $1.89 at $10.74 from Fridayʼs close. Thee stock has traded as low as $8.45 and as high as $16.50 in the past 52 weeks.
For detailed price information and news stories on Willis Lease, click WLFC.
