United beats 3Q net income expectations, misses revenue forecasts

CHICAGO – CHICAGO (AP) _ United Continental Holdings Inc. (UAL) on Thursday reported earnings of $924 million in its third quarter.

The Chicago-based company said it had profit of $2.37 per share. Earnings, adjusted for non-recurring costs, came to $2.75 per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.70 per share.

The airline posted revenue of $10.56 billion in the period, missing Street forecasts. Analysts expected $10.62 billion, according to Zacks.

United shares have risen 30 per cent since the beginning of the year. The stock has climbed 57 per cent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. UAL stock research report from Zacks:


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