Southwest Airlines reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.08 on revenue of $5.58B. Analysts polled by forecast EPS of $1.07 on revenue of $5.57B. That compared to EPS of $0.88 on revenue of $5.27B in the same period a year earlier. The company had reported EPS of $1.26 on revenue of $5.74B in the previous quarter.
For the year, Southwest Airlines shares are down 15.52%, under-performing the Nasdaq which is up 2.46% year to date.
Southwest Airlines follows other major Transportation sector earnings this month
On Wednesday, United Parcel Service (NYSE:UPS) reported third quarter EPS of $1.82 on revenue of $17.44B, compared to forecasts of EPS of $1.82 on revenue of $17.49B.
Canadian National Railway earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.54 on revenue of $3.69B. analysts expected EPS of $1.12 on revenue of $3,562M
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