Southwest: 4Q Earnings Snapshot
Posted January 24, 2019 6:39 am.
This article is more than 5 years old.
DALLAS (AP) _ Southwest Airlines Co. (LUV) on Thursday reported fourth-quarter earnings of $654 million.
On a per-share basis, the Dallas-based company said it had profit of $1.17.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The airline posted revenue of $5.7 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $5.68 billion.
Southwest shares have climbed almost 10 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 5 per cent. The stock has decreased 22 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LUV at https://www.zacks.com/ap/LUV
The Associated Press
