Southwest: 1Q Earnings Snapshot
Posted April 25, 2019 3:37 am.
DALLAS (AP) _ Southwest Airlines Co. (LUV) on Thursday reported first-quarter earnings of $387 million.
On a per-share basis, the Dallas-based company said it had profit of 70 cents.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The airline posted revenue of $5.15 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $5.14 billion.
Southwest shares have risen 14 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 17 per cent. The stock has dropped almost 2 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
