SkyWest: 3Q Earnings Snapshot
ST. GEORGE, Utah (AP) _ SkyWest Inc. (SKYW) on Tuesday reported third-quarter net income of $83 million.
On a per-share basis, the St. George, Utah-based company said it had net income of $1.57.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The regional airline posted revenue of $829.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $826.4 million.
SkyWest shares have declined almost 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.21, a rise of 12 percent in the last 12 months.