Alaska Air: 3Q Earnings Snapshot
Published 5:00 pm Wednesday, October 24, 2018
SEATTLE (AP) _ Alaska Air Group Inc. (ALK) on Thursday reported third-quarter profit of $217 million.
On a per-share basis, the Seattle-based company said it had net income of $1.75. Earnings, adjusted for one-time gains and costs, were $1.91 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The airline posted revenue of $2.21 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.2 billion.
Alaska Air shares have declined 17 percent since the beginning of the year. The stock has declined 23 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALK at https://www.zacks.com/ap/ALK