United Beats 2Q Profit Forecasts
United Continental Holdings Inc. on Thursday reported second-quarter profit of $1.19 billion.
The Chicago-based company said it had net income of $3.14 per share. Earnings, adjusted for non-recurring costs, were $3.31 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.29 per share.
The airline posted revenue of $9.91 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $10.02 billion.
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