. The airline lost $8.16 per share while analysts had forecast a loss of $7.53 per share, according to Refinitiv. United's third-quarter revenue also missed analyst expectations. "Even though the negative impact of COVID-19 will persist in the near term, we are now focused on positioning the airline for a strong recovery," CEO Scott Kirby said in a statement.— Alcoa shares dipped 4.2% even after the aluminum company posted better-than-expected third-quarter results.
— Sleep Number shares rallied more than 8% in after-hours trading on the back of stronger-than-forecast quarterly results. The bedding maker reported earnings per share of $1.79 on revenue of $531.2 million. Analysts expected a profit of $1.06 per share on revenue of $523.5 million. Comparable sales rose more than 11%, driven by strong online and phone sales growth. The company also issued stronger-than-expected guidance for the full year.
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I'd be surprised if half the airlines in the world today are still around in five years. Only those backed by wealthy nations will likely survive.
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