"Performance" Southwest Airlines' earnings forecast this year exceeded expectations, with stock price rising 6% after hours
Southwest Airlines (LUV.US) announced that its net profit for the fourth quarter increased by approximately 24% year-on-year to reach USD 323 million, with adjusted earnings per share of 58 cents; revenue rose by 7.4% to USD 7.44 billion, lower than the expected USD 7.51 billion. However, the company provided strong guidance for the current year, with its stock price rising 6% in after-hours trading.
After making significant reforms to its business model, the company expects adjusted earnings per share to be at least USD 4 this year, higher than the market expectation of USD 3.19; it also anticipates capacity to increase by 2% to 3%
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments