Airline company, Southwest Airlines Co.(
) reported improved profit for the third quarter on Thursday.
The Dallas, TX based company reported a Q3 net income of $16
million, or 2 cents a share, compared with a loss of $140 million,
or 18 cents a share from last year's third quarter. Excluding
special items of $81 million, adjusted profit was 13 cents a share.
On average, analysts had expected 12 cents a share.
Reported revenue was $4.3 billion, slightly lower than analysts
Although the company maintained its consumer demand, the price
of the average fare declined slightly from last year from $143.03
to $142.86, which had a direct effect on the company's revenue.
Southwest Airlines shares were up 5 cents, or 0.56% Thursday
The Bottom Line
Shares of Southwest Airlines (
) have a .45% dividend yield, based on last night's closing stock
price of $8.95. The stock has technical support in the $7.50 price
area. If the shares can firm up, we see overhead resistance around
the $10 price level.
Southwest Airlines Co.(
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 2.9 out of 5 stars.
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