WASHINGTON (dpa-AFX) - United Airlines Holdings, Inc. (UAL) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $600 million, or $1.81 per share. This compares with $843 million, or $2.55 per share, in last year's fourth quarter.
Excluding items, United Airlines Holdings, Inc. reported adjusted earnings of $664 million or $2.00 per share for the period.
Analysts on average had expected the company to earn $1.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.9% to $13.63 billion from $12.40 billion last year.
United Airlines Holdings, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $600 Mln. vs. $843 Mln. last year. -EPS (Q4): $1.81 vs. $2.55 last year. -Analyst Estimates: $1.70 -Revenue (Q4): $13.63 Bln vs. $12.40 Bln last year.
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