Southwest: 3Q Earnings Snapshot
Posted Oct 24, 2019 07:35:37 AM.
This article is more than 5 years old.
DALLAS (AP) _ Southwest Airlines Co. (LUV) on Thursday reported third-quarter profit of $659 million.
The Dallas-based company said it had net income of $1.23 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The airline posted revenue of $5.64 billion in the period, which matched Street forecasts.
Southwest shares have climbed 15% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has decreased slightly more than 7% in the last 12 months.
_____
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
