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United Continental Earnings: UAL Stock Gains on Strong Q1 Adj. EPS

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United Continental (NYSE: UAL ) unveiled strong quarterly earnings results that surpassed what Wall Street expected in its consensus estimate, lifting UAL stock more than 2.5% after the bell today.

The Chicago, Ill.-based airline operator posted first-quarter earnings of $292 million, or $1.09 per share to kick off its fiscal 2019. This figure was more than double than the $145 million, or 51 cents per share, it brought in during the same period in 2018.

On an adjusted basis, United amassed earnings of $1.15 per share, 20 cents per share above what analysts projected, according to a Refinitiv survey. Revenue tallied up to $9.59 billion, a 6.2% increase from the $9.03 billion of the year-ago quarter, but falling below the $9.61 billion that Wall Street called for, per Refinitiv.

The company added that its revenue for each passenger it flies a mile - which is a key industry figure - was up 1.1% year-over-year, but it was below the 1.5% gain that analysts predicted. United also reiterated its guidance for its fiscal 2019, which is slated to arrive between $10 and $12 per share.

The airline also said that for its fiscal 2020, it now sees its earnings as being somewhere in the range of $11 and $13 per share.

UAL stock is up about 2.9% after the bell thanks to the company's strong earnings showing for its first three months of the fiscal year. Shares had been up about 0.8% during United's regular trading hours on Tuesday.

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The post United Continental Earnings: UAL Stock Gains on Strong Q1 Adj. EPS appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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