Investing.com - JetBlue reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
JetBlue announced earnings per share of $-1.75 on revenue of $492M. Analysts polled by Investing.com anticipated EPS of $-1.98 on revenue of $456.89M.
JetBlue shares are down 32% from the beginning of the year and are trading at $12.75 , down-from-52-week-high.They are under-performing the Nasdaq which is up 26.6% from the start of the year.
JetBlue shares gained 1.51% in pre-market trade after the report.
JetBlue follows other major Transportation sector earnings this month
JetBlue's report follows an earnings missed by Union Pacific on Thursday, who reported EPS of $2.01 on revenue of $4.92B, compared to forecasts EPS of $2.06 on revenue of $4.93B.
Canadian National Railway had missed expectations on Tuesday, October 20, 2020 with third quarter EPS of $1.38 on revenue of $3.41B, compared to forecast for EPS of $1.45 on revenue of $3.48B.
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