RE:6 cents per share Results are not as bad as you are stating. EBITDA of $113 M beat consensus at $108M and free cash flow was $114M which is again higher than the analyst estimates that I'm seeing.
The EPS number is a funciton of really just the adjustment in income taxes - if you look at the income statement, you will see that the tax expense is massive this quarter. Looks to be an adjustment to deferred tax asset (which is non-cash) or FX impact - but I am hoping analysts ask the question in more detail so we can get some clarity here.
It's a pretty neutral release overall, they did not blow anything away or announce sales of their planes or update on Fund III.. but operating results were right on track with their guidance. The interesting thing will be if they use some of their free cash flow for share buybacks which they haven't been doing for a few months.