Southwest Airlines rises after quarterly earnings beat
LUV•Southwest reported third-quarter adjusted earnings of 66 cents per share, above the 58-cent estimate. It cut its full-year adjusted profit forecast to $2.60-$2.85 per share from $3.25-$4.25.
1. Earnings and forecast
Southwest shares rose 1.5% in extended trading after the airline reported third-quarter adjusted earnings of 66 cents per share, beating expectations of 58 cents, with higher fares and additional fees. The company cut its full-year adjusted profit forecast to $2.60-$2.85 per share from a prior range of $3.25-$4.25.
