Air China (OTCMKTS:AIRYY) Issues Earnings Results

Air China (OTCMKTS:AIRYY) released its quarterly earnings results on Thursday. The transportation company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.73) by $0.79, Zacks reports. The firm had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.57 billion. Air China had a negative return on equity of 6.03% and a negative net margin of 1.31%.

Air China Stock Performance

AIRYY remained flat at $9.27 during trading on Friday. The company had a trading volume of 1 shares, compared to its average volume of 194. The stock has a market capitalization of $8.09 billion, a PE ratio of -23.77 and a beta of 0.13. Air China has a 1-year low of $8.60 and a 1-year high of $19.00. The firm’s 50 day moving average is $9.57 and its 200-day moving average is $12.38.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Air China to a “hold” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average 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.