United Continental Earnings: Here’s Why the Stock is Flying Higher
United Continental Holdings (NYSE:UAL) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.12%.
United Continental Holdings Earnings Cheat Sheet
Results: Net loss of $620 million (loss of $1.87 per diluted share) in the quarter versus a net loss of $138 million in the year-earlier quarter.
Revenue: Decreased 2.55% to $8.7 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: United Continental Holdings reported adjusted net loss of 58 cents per share. By that measure, the company met the mean analyst estimate of a loss of $.58. It beat the average revenue estimate of $8.67 billion.
Quoting Management: “I want to thank my co-workers for working together in 2012 as we completed the most difficult aspects of our merger integration,” said Jeff Smisek, UAL’s chairman, President and CEO…