It looks like clear skies for Southwest Airlines (LUV). The discount carrier reported this morning a higher-than-expected quarterly profit and said bookings look strong, sending its shares up more than 4%.
At $9.11 a share, the stock climbed 40 cents a share or 4.6% during morning market action.
Excluding one-time items, profit came to $122 million, or 15 cents per share, down from a year-earlier profit of $195 million, or 26 cents a share. But analysts expected the company to earn 14 cents a share.
Quarterly revenue rose 35%�to $4.3 billion.
No comments:
Post a Comment