Shares of Atlas Air Worldwide (NASDAQ:AAWW) Soar on Guidance

Atlas Air Worldwide Holdings (NASDAQ:AAWW) are up over 15 percent as of 12:44 PM EST, as the company's guidance for 2011 of $5.30 was above the $5.08 analysts on average were looking for.

The company earning $41.6 million, or $1.58 a share, up from the $28.3 million, or 1.17 a share they earned last year in the same quarter. Adjusted earnings came in at $1.58 a share.

Revenue increased to $359.7 million, an increase of 12 percent over the $321.6 million they had last year. Full year revenue rose from $1.06 billion in 2009 to $1.34 billion in 2010.

Atlas Air Worldwide Holdings was trading at $64.70, up $8.25, or 14.61 percent, as of 12:48 PM EST.