United Continental Holdings Inc (NYSE: UAL ) reported on its latest period, beating expectations despite natural disasters hurting its business.
Revenue was also strong at $9.88 billion, ahead of the consensus estimate of $9.86 billion, according to Thomson Reuters . The figure was below the year-ago revenue of $9.91 per share, while earnings were much better last year at $3.11 per share.
Hurricane Harvey alone contributed to causing United Continental posting $400 million in losses as it hurt business to and from Houston, Texas, the fourth-largest city in the country. A total of at least 7,400 flights were canceled out of its hub at the George Bush Intercontinental Airport.
The storm caused the company to reduce its third-quarter revenue outlook to a 3.5% to 4% slip. The company has also been in the midst of controversy as a passenger is suing United Airlines after a drunk passenger reportedly urinated on him.
It is unclear how much Daniel Card is asking from the company , but he is accusing the airline of assault, negligence, breach of contract and emotional distress.
UAL stock shares surged 0.7% during regular trading hours Wednesday, rose an additional 0.6% after the bell.
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