Air Methods Earnings: Here’s Why the Stock is Down Now
Air Methods Corp. (NASDAQ:AIRM) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.02%.
Air Methods Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.15 in the quarter versus EPS of $0.32 in the year-earlier quarter.
Revenue: Decreased 6.07% to $179.22 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Air Methods Corp. reported adjusted EPS loss of $0.15 per share. By that measure, the company missed the mean analyst estimate of $-0.07. It missed the average revenue estimate of $187.53 million.
Quoting Management: Aaron Todd, CEO, stated, “As previously disclosed, we believe a greater severity in weather and weaker payer mix had a significant influence on our first quarter results. In addition, the lower flight volumes did not translate into lower maintenance expense, as there is often a delay in the expense benefit associated with decreased flight activity. Once weather moderates during the spring and summer months, we will be better able to isolate whether weak demand and payer mix were solely weather-related or reflect other factors.”
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