Investing.com - Southwest Airlines (NYSE:LUV) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.37 on revenue of $5.91B. Analysts polled by Investing.com anticipated EPS of $1.34 on revenue of $5.93B. That compared to EPS of $1.26 on revenue of $5.74B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $5.15B in the previous quarter.
For the year, Southwest Airlines shares are up 17.73%, under-performing the S&P 500 which is up 21.91% year to date.
Southwest Airlines follows other major Transportation sector earnings this month
On Thursday, July 18, 2019, Union Pacific reported second quarter EPS of $2.22 on revenue of $5.6B, compared to forecasts of EPS of $2.15 on revenue of $5.64B.
United Parcel Service earnings beat analyst's expectations on Wednesday, with second quarter EPS of $1.96 on revenue of $18.05B. Investing.com analysts expected EPS of $1.93 on revenue of $17.96B
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