Investing.com - JetBlue reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
JetBlue announced earnings per share of $-0.42 on revenue of $1.59B. Analysts polled by Investing.com anticipated EPS of $-0.31 on revenue of $1.72B. That with comparison to EPS of $0.16 on revenue of $1.87B in the same period a year before.JetBlue had reported EPS of $0.56 on revenue of $2.03B in the previous quarter.Analysts are expecting EPS of $-1.41 and revenue of $1B in the upcoming quarter.
JetBlue shares are down 57% from the beginning of the year and are trading at $8.02 , down-from-52-week-high.They are under-performing the Nasdaq which is down 2.05% year to date.
JetBlue follows other major Transportation sector earnings this month
JetBlue's report follows an earnings beat by Union Pacific on Thursday, April 23, 2020, who reported EPS of $2.15 on revenue of $5.23B, compared to forecasts EPS of $1.9 on revenue of $5.11B.
United Parcel Service had missed expectations on Tuesday, April 28, 2020 with first quarter EPS of $1.15 on revenue of $18.04B, compared to forecast for EPS of $1.24 on revenue of $17.26B.
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