Investing.com - Southwest Airlines (NYSE:LUV) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.7 on revenue of $5.15B. Analysts polled by Investing.com forecast EPS of $0.62 on revenue of $5.14B. That compared to EPS of $0.75 on revenue of $4.94B in the same period a year earlier. The company had reported EPS of $1.17 on revenue of $5.7B in the previous quarter.
For the year, Southwest Airlines shares are up 13.88%, under-performing the S&P 500 which is up 18.18% year to date.
Southwest Airlines follows other major Transportation sector earnings this month
On Thursday, April 18, 2019, Union Pacific reported first quarter EPS of $1.93 on revenue of $5.38B, compared to forecasts of EPS of $1.88 on revenue of $5.49B.
CSX earnings beat analyst's expectations on Tuesday, April 16, 2019, with first quarter EPS of $1.02 on revenue of $3.01B. Investing.com analysts expected EPS of $0.91 on revenue of $3B
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