PURCHASE, N.Y. (AP) _ Atlas Air Worldwide Holdings (AAWW) on Wednesday reported third-quarter earnings of $119.5 million.

On a per-share basis, the Purchase, New York-based company said it had profit of $3.91. Earnings, adjusted for non-recurring costs, were $4.88 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.12 per share.

The airplane leasing company and service provider posted revenue of $1.02 billion in the period.

Atlas Air shares have increased 54% since the beginning of the year. The stock has climbed 36% 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 AAWW at https://www.zacks.com/ap/AAWW

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News