Aar corp - withdraw guidance for balance of year

Aar reports record third quarter fiscal year 2020 results.q3 adjusted earnings per share $0.67 from continuing operations.q3 earnings per share $0.07 from continuing operations.q3 sales $553.1 million versus refinitiv ibes estimate of $550.3 million.q3 earnings per share estimate $0.64 -- refinitiv ibes data.attention is focused on impact to airline customers from covid-19.in discussions with airline customers & will actively manage our costs to align with current reality.in q4, will be taking actions to reduce fixed costs and overhead.consolidating facilities with goal to improve our operating efficiencies.in response to impact of covid-19, have taken actions including reducing executive compensation, freezing new hiring.reducing or eliminating all non-essential spend, furloughs.expect cost of q4 actions to be approximately $15 to $20 million.withdraw guidance for balance of year.
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