Southwest shares drop premarket after revenue miss; expects 737 MAX return in Q4
Southwest Airlines Co. shares LUV, +1.11% slid 2.2% in premarket trade Thursday, after the company beat profit estimates for the second quarter but missed its sales estimate. Southwest said it had net income of $741 million, or $1.37 a share, in the second quarter, up from $733 million, or $1.27 a share, in the year-earlier period. Revenue rose to $5.909 billion from $5.742 billion. The FactSet consensus was for EPS of $1.34 and revenue of $5.936 billion.
The airline has had preliminary talks with Boeing on compensation for damages due to the groundings, but "We have not reached any conclusions regarding these matters, and no amounts from Boeing have been included in our second quarter results," he said. Southwest is assuming regulatory approval of MAX return to service in the fourth quarter and will extend flight schedule adjustments through January 5, 2020.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Profits and Revenues Slide, but Are ‘Better Than Expected,’ Says ITVITV revenues and profits were in negative territory in the first half of the year, but CEO Carolyn McCall said the results were better than expected. The boss of Britain’s largest commercial broadc…
Baca lebih lajut »
PayPal stumbles 6% after missing on revenue, slashing full-year outlookShares of PayPal fell as much in after-hours trading after the company lowered its full-year guidance.
Baca lebih lajut »
Snap Shares Jump As Returning Users Boost RevenueSnap Inc., shares surged after the parent of messaging app Snapchat reported rebounding user growth and revenue, fueled by new features including interactive games and viral camera lenses.
Baca lebih lajut »
Stocks making the biggest moves premarket: Coca-Cola, Travelers, Biogen, Hasbro, Apple & moreThese are the stocks posting the largest moves before the bell.
Baca lebih lajut »
Facebook earnings beat: $1.99 per share, vs. $1.88 per share expectedFacebook investors will be anxious to hear how the company is bracing for increased regulatory scrutiny.
Baca lebih lajut »
Ford earnings: 32 cents per share, vs. 31 cents per share expectedFord shares were up more than 34% year-to-date through Wednesday but still down by about 2.6% over the past 12 months.
Baca lebih lajut »