AP NEWS

Spirit: 4Q Earnings Snapshot

February 6, 2020 GMT

MIRAMAR, Fla. (AP) _ Spirit Airlines Inc. (SAVE) on Wednesday reported fourth-quarter earnings of $81.2 million.

On a per-share basis, the Miramar, Florida-based company said it had profit of $1.18. Earnings, adjusted for non-recurring costs, were $1.24 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The airline posted revenue of $969.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $969.1 million.

For the year, the company reported profit of $335.3 million, or $4.89 per share. Revenue was reported as $3.83 billion.

Spirit shares have risen 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $44.44, a decrease of 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAVE at https://www.zacks.com/ap/SAVE