United Airlines stock higher after company raises guidance, tops profit views

Shares of United Airlines Holdings Inc. UAL, +1.05% rose 3% in the extended session Tuesday after the airline reported an adjusted third-quarter profit above Wall Street expectations and raised guidance for the year. United said it earned $1 billion, or $3.99 a share, in the quarter, compared with $833 million, or $3.05 a share, in the year-ago quarter. Adjusted for one-time items, United earned $4.07 a share, compared with $3.05 a share a year ago.

The company reported operating revenue of $11.38 billion in the quarter, compared with $11.00 billion a year ago. Analysts polled by FactSet expected United to report adjusted earnings of $3.97 a share on sales of $11.42 billion. United raised its full year 2019 adjusted EPS guidance to a range between $11.25 and $12.25. The company is "ahead of pace" to reach its goal of an adjusted EPS between $11 and $13 by the end of 2020, Chief Executive Oscar Munoz said in a statement.

Well outlook is good but results is better :) I trust results not just planned digits :)

ایران آخرین اخبار, ایران سرفصلها

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United Airlines shares rise on improved earnings forecast, quarterly beatUnited Airlines' third-quarter earnings topped Wall Street estimates. can someone tell me, are these really good earnings from all these companies today or are expectation just really low and easy to beat?
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »