Allegiant Travel Earnings: Profit and Revenue Flies Higher
Allegiant Travel Company (NASDAQ:ALGT) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation.
Allegiant Travel Company Earnings Cheat Sheet
Results: Net income increased 36.91% to $14.8 million (76 cents per diluted share) in the quarter versus a net gain of $10.81 million in the year-earlier quarter.
Revenue: Rose 14.88% to $222.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Allegiant Travel Company reported adjusted net income of 76 cents per share. By that measure, the company beat the mean analyst estimate of $0.7. It missed the average revenue estimate of $224.66 million.
Quoting Management: “We are very proud to report our 40th consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. “40 consecutive profitable quarters is an outstanding achievement in this industry and we could not do it without the great efforts and contributions of our Team Members…