Atlas Air Worldwide Shares Up 7% (AAWW)

Shares of Atlas Air Worldwide Holdings AAWW are currently up 7.1% at $55.99 per share during Monday afternoon trading. Today's trading range for shares of Atlas Air Worldwide Holdings has been between $54.20 and $57.66 per share. The consensus price target of analysts covering the company's stock is $70.78 per share. Volume of 564,000 shares is already well above the daily average volume of 407,000 shares. Atlas Air Worldwide Holdings (AAWW) released financial results early Monday morning that beat Wall Street estimates. Atlas Air Worldwide Holdings reported 3rd quarter earnings of $1.29 per share, on revenue of $326.7 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of $1.17 per share, on revenue of $321.38 million. President and chief executive officer William J. Flynn said, “Our third-quarter results and our outlook for a record full year reflect the strategic actions we have taken to transform our business, reduce our commercial and operational risk, increase sustainable core earnings, and improve the quality of our cash flows. They also highlight our leading industry position, our global business focus and customer base, our innovative customer solutions, and our ability to leverage the global scale and scope of our business to quickly capitalize on changing market demand." The company forecast that its full-year 2010 adjusted EPS is expected to exceed $5.40 per share. Read more from Benzinga's Company news.