JetBlue Airways Earnings: Cruising to Lower Altitude
JetBlue Airways Corporation (NASDAQ:JBLU) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 6.10%.
JetBlue Airways Corporation Earnings Cheat Sheet
Results: Net income decreased -95.65% to $1 million (0 cents per diluted share) in the quarter versus a net gain of $23 million in the year-earlier quarter.
Revenue: Rose 3.84% to $1.19 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: JetBlue Airways Corporation reported adjusted net loss of 0 cent per share. By that measure, the company missed the mean analyst estimate of $0.02. It missed the average revenue estimate of $1.21 billion.
Quoting Management: “Although Hurricane Sandy negatively impacted fourth quarter results, 2012 was a very good year for JetBlue,” said Dave Barger, JetBlue’s President and CEO…