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Madison Air Solutions Shares Fall After Q2 Results

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Madison Air Solutions (MAIR) shares were down 8% in Thursday trading after the company reported its results for Q2.

The company posted quarterly adjusted earnings of $0.31 per share, up from $0.24 a year earlier.

Net sales for the quarter ended June 30 were $991.3 million, up from $819.6 million a year earlier.

Analysts surveyed by FactSet expected $939.1 million.

The company said it now expects full-year net sales in the range of $3.83 billion to $3.93 billion, compared with previous guidance of $3.75 billion to $3.85 billion.

Analysts expect $3.84 billion.

Price: $29.23, Change: $-2.41, Percent Change: -7.62%

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