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Southwest Airlines (LUV) Stock Higher on Strong Q1 Earnings Expectations

NEW YORK (TheStreet) -- Southwest Airlines (LUV - Get Report) stock is gaining by 0.42% to $47.33 in late-morning trading on Wednesday, as the airline prepares to release its 2016 first quarter financial results before the market open on Thursday.

Analysts have forecast for a year-over-year increase in both earnings and revenue.

Southwest Airlines is projected to report earnings of 84 cents per share on revenue of $4.81 billion for the most recent quarter.

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