WASHINGTON (dpa-AFX) - Alaska Air Group Inc. (ALK) released earnings for second quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $220 million, or $1.71 per share. This compares with $240 million, or $1.86 per share, in last year's second quarter.
Excluding items, Alaska Air Group Inc. reported adjusted earnings of $327 million or $2.55 per share for the period.
Analysts on average had expected the company to earn $2.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.1% to $2.90 billion from $2.84 billion last year.
Alaska Air Group Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $220 Mln. vs. $240 Mln. last year. -EPS (Q2): $1.71 vs. $1.86 last year. -Revenue (Q2): $2.90 Bln vs. $2.84 Bln last year.
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