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What to Expect When Southwest Airlines (LUV) Posts Q3 Results

NEW YORK (TheStreet) -- Shares of Southwest Airlines (LUV) closed lower on Monday ahead of the company's 2016 third quarter earnings, due out before Wednesday's market open.

Analysts surveyed by FactSet are looking for the Dallas-based airline to post adjusted earnings of 88 cents per share on revenue of $5.16 billion.

In the year-ago period, Southwest reported adjusted earnings of 94 cents per share on revenue of $5.32 billion.

A recent survey of hedge funds and long-only investors showed participants were concerned that overcapacity throughout the...