Spirit: 4Q Earnings Snapshot
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.