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United Continental: Bad News for the Stock, Bad News for Airlines?

Shares of United Continental (UAL) have hit some turbulence despite beating earnings forecasts last night. What gives?

Yes, United Continental reported an adjusted profit of $2.75 a share, beating forecasts for $2.63, on revenue of $10 billion, ahead of expectations for $9.95 billion. But United also offered revenue guidance that was decidedly lackluster. As a result, shares of United Continental have dropped 3.7% to $75.95 at 10:29 a.m. today.

United's weakness hasn't done too much damage to competitors like Delta Air Lines (DAL), American Airlines (AAL) and Southwest Airlines (LUV), which...


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