Southwest beats Street 2Q forecasts

AP News
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Posted: Jul 27, 2017 6:42 AM
Southwest beats Street 2Q forecasts

DALLAS (AP) — Southwest is reporting second-quarter net income of $746 million.

On a per-share basis, the Dallas company reported profit of $1.23 Thursday. Earnings, adjusted for non-recurring costs, came to $1.24 per share, or 4 cents better than industry analysts had expected, according to a survey by Zacks Investment Research.

The airline posted revenue of $5.74 billion in the period, also edging out expectations.

Shares of Southwest Airlines Co. have risen 19 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 11 percent.

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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 LUV at https://www.zacks.com/ap/LUV

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