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United Continental (UAL) Tops Q2 Earnings Estimates, Misses on Revenue

United Continental Holdings, Inc. UAL just released its first quarter fiscal 2016 earnings results, posting earnings of $1.23 per share and revenue of $8.19 billion.  

Currently, UAL has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

United Continental:                           

1. Beat earnings estimates. The company posted earnings of $1.23, topping our Zacks Consensus Estimate of $1.17. This number excludes $0.35 from non-recurring items.

2. Missed revenue estimates. The company saw revenue figures of $8.19 billion, lagging behind our consensus estimate of $8.239 billion and reflecting a -4.9% year-over-year change.

3. Reported net income of $313 million.

4. Posted total operating expenses excluding special charges of $7.4 billion, down 5.7% on a year-over-year basis.

5. UAL was down $1.10, or 1.88%, to $57.50 as of 5:02 PM ET in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at United Continental’s Street EPS & Surprise Percent:

United Continental is the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. The Company manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks. Together with United Express, Continental Express and Continental Connection, these airlines operate throughout the Americas, Europe, Asia and Africa from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York, San Francisco, Tokyo and Washington, D.C. United Continental is headquartered in Chicago, Illinois.

Check back later for our full analysis on United Continental’s first quarter earnings report!

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UNITED CONT HLD (UAL): Free Stock Analysis Report
 
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