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Southwest: 2Q Earnings Snapshot – ABC News

Southwest: 2Q Earnings Snapshot - ABC News

ECONOMIC NEWS

Southwest: 2Q Earnings Snapshot – ABC News


Southwest Airlines Co. on Thursday reported second-quarter earnings of $741 million.

On a per-share basis, the Dallas-based company said it had net income of $1.37.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The airline posted revenue of $5.91 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $5.93 billion.

Southwest shares have increased 18% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has increased slightly more than 5% 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



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