On July 30, FTAI AVIATION LTD fell 18.43% overnight, trading at $161.0/share, with turnover of $7,729.04. The sell-off was triggered by a significant Q2 earnings miss combined with an analyst target price downgrade.

The company reported Q2 earnings of $1.13 per diluted share, down 28% year-over-year from $1.57 and well below the FactSet consensus estimate of $1.38. Revenue came in at $953.1 million, up 40.9% year-over-year and above the $895.3 million estimate. The company also raised its quarterly dividend to $0.50 per share from $0.45. Despite the strong top-line beat and a recently disclosed $1.465 billion gas turbine generator set order, the substantial earnings shortfall dominated investor sentiment.

Adding to the pressure, RBC Capital Markets cut its price target on FTAI from $350 to $300 while maintaining an Outperform rating. The combination of the EPS miss and the target price reduction accelerated profit-taking, with shares already declining over 5% during regular trading ahead of the earnings release.

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