By Denny Jacob
FTAI Aviation shares rose 17% a day after it guided for higher-than-expected adjusted earnings before interest, taxes, depreciation and amortization in 2025.
Shares were trading around $147.94. For the year, the stock is up 219%.
The aerospace-product company on Monday projected adjusted Ebitda between $1.1 billion and $1.15 billion in the new year, ahead of the $1.06 billion that analysts polled by FactSet expected. The outlook comes in tandem with a plan for acquisitions under a new strategic initiative.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
December 31, 2024 10:50 ET (15:50 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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