Southwest Airlines: Profits Exceed Expectations, Revenue Misses Consensus in Q4
Southwest Airlines announced fourth quarterly results which exceeded analysts’ expectations on Thursday and revenue which fell below expectations.
The company posted earnings per share of $ -1.29 on sales of $ 2.01B. Analysts polled by Investing.com were expecting EPS of $ -1.67 for sales of $ 2.12B.
Year-to-date Southwest Airlines shares are down 5.28%, below the performance of the S&P 500 which is down 0% year-to-date.
Southwest Airlines follows other companies in the Transportation sector who have published their results this month.
On January 21, Union Pacific reported fourth quarter EPS of $ 2.36 for revenue of $ 5.14B, compared to a forecast of EPS of $ 2.25 for revenue of $ 5.1B.