On May 8, 2012, Aerocentury reported results for its first quarter ended March 31, 2012.
The company reported operating lease revenue of $5.9 million compared to $4.2 million last year. Total revenue was $6.7 million compared to $4.9 million in 1Q11. Total revenue includes $0.9 million and $0.5 million, respectively, of maintenance reserve income.
Net income was $1.3 million or $0.85 per share versus $2.3 million or ($1.48) per share in the year ago quarter.
Taglich Brothers estimated first quarter operating lease revenue of $5.6 million, total revenue of $6.7 million, and net income of $865,000 or $0.56 per share.