DUN LAOGHAIRE, Ireland (AP) _ Fly Leasing Ltd. (FLY) on Thursday reported fourth-quarter profit of $75.2 million.

The Dun Laoghaire, Ireland-based company said it had net income of $2.43 per share. Earnings, adjusted for non-recurring costs, came to $2.49 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.

The commercial aircraft leasing company posted revenue of $154.3 million in the period.

For the year, the company reported profit of $225.9 million, or $7.12 per share. Revenue was reported as $575 million.

Fly Leasing shares have decreased 18% since the beginning of the year. The stock has increased 40% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLY at https://www.zacks.com/ap/FLY

Automated Insights, source Associated Press News