United Beats 2Q Profit Forecasts

(AP Photo/David J. Phillip, File)
(AP Photo/David J. Phillip, File)

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.