CHICAGO – United Continental Holdings Inc. (UAL) on Monday reported third-quarter earnings of $965 million.
The Chicago-based company said it had profit of $3.01 per share. Earnings, adjusted for non-recurring costs, came to $3.11 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.05 per share.
The airline posted revenue of $9.91 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $9.88 billion.
United shares have dropped 7.5 per cent since the beginning of the year. In the final minutes of trading on Monday, shares hit $53.03, a decrease of 8 per cent 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