Kitty Hawk Lowers Third Quarter Expectations, Cites AIA Costs
Kitty Hawk said it believes its third quarter earnings will fall below earlier expected levels and consensus estimates. It estimated earnings between $2.2 million and $2.5 million, 13 to 15 cents per diluted share, on revenues of about $195 million. Pro forma third quarter 1997 earnings were $4.9...
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