Air Methods (AIRM) Misses Q2 EPS by 7c

Air Methods (NASDAQ: AIRM) reported Q2 EPS of $0.70, $0.07 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $292.6 million versus the consensus estimate of $299.35 million.

Aaron Todd, CEO of Air Methods, stated, “While we continued to grow the company with 11.0% top line growth in the second quarter, lower than planned air medical transport and tourism passenger volumes resulted in weaker earnings growth. The accelerated training for Tri-State employees is mostly complete, resulting in improved in-service rates and transports in July. Tourism passenger volumes also have recovered in July, declining only 1.6% over the prior year. With these issues now behind us, we are still positioned to achieve our financial targets for the full year.”

For earnings history and earnings-related data on Air Methods (AIRM) click here.

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