US Airways Group Earnings: Here’s Why Shares are Popping Now
US Airways Group, Inc. (NYSE:LCC) delivered a profit and beat Wall Street’s expectations, AND met the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.8%.
US Airways Group, Inc. Earnings Cheat Sheet
Results: Net income increased 105.56% to $37 million (26 cents per diluted share) in the quarter versus a net gain of $18 million in the year-earlier quarter.
Revenue: Rose 3.96% to $3.28 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: US Airways Group, Inc. reported adjusted net income of 26 cents per share. By that measure, the company beat the mean analyst estimate of $0.19. It met the average revenue estimate of $3.28 billion.