CHICAGO (AP) — CHICAGO (AP) — United Airlines Holdings Inc. (UAL) on Tuesday reported first-quarter net income of $699 million.
On a per-share basis, the Chicago-based company said it had profit of $2.14. Earnings, adjusted for non-recurring gains, were $1.19 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The airline posted revenue of $14.61 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $14.32 billion.
For the current quarter ending in June, United expects its per-share earnings to range from $1 to $2.
The company expects full-year earnings in the range of $7 to $11 per share.
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