United Continental tops 2Q profit expectations, misses revenue forecasts



We also have more stories about:
(click the phrases to see a list)

Subjects:

Places:

 


CHICAGO — United Continental Holdings Inc. (UAL) on Thursday reported second-quarter profit of $1.19 billion.

The Chicago-based company said it had net income of $3.14 per share. Earnings, adjusted for non-recurring costs, were $3.31 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.29 per share.

The airline posted revenue of $9.91 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $10.02 billion.

United shares have decreased 15 percent since the beginning of the year. The stock has climbed 30 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UAL at http://www.zacks.com/ap/UAL

_____

Keywords: United Continental, Earnings Report, Priority Earnings

All content copyright ©2015 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528