Aircastle said that fourth-quarter earnings surged 78% with sales more than doubling. The earnings, however, came in 4 cents shy of the $0.50 per share expected by Wall Street. However, it is noted that the sell off was overdone and that the earnings shortfall was due mainly to the timing of new aircraft acquisitions, higher depreciation costs, and one-time SGA costs. Goldman raised it's rating to Buy from Neutral, citing strong lease rates and terms for the aircraft leasing market.