United Continental Holdings Inc. (UAL) announced a profit for second quarter that dropped from last year.
The company’s profit totaled $684 million, or $2.48 per share. This compares with $821 million, or $2.67 per share, in last year’s second quarter.
Excluding items, United Continental Holdings Inc. reported adjusted earnings of $889 million or $3.23 per share for the period.
Analysts had expected the company to earn $3.06 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 7.7% to $10.78 billion from $10.01 billion last year.
United Continental Holdings Inc. earnings at a glance:
-Earnings (Q2): $889 Mln. vs. $849 Mln. last year.
-EPS (Q2): $3.23 vs. $2.76 last year.
-Analysts Estimate: $3.06
-Revenue (Q2): $10.78 Bln vs. $10.01 Bln last year.
by RTTNews Staff Writer
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