Southwest meets 4Q profit forecasts
Jan. 21, 2016
DALLAS (AP) — Southwest Airlines Co. (LUV) on Thursday reported fourth-quarter net income of $536 million.
The Dallas-based company said it had net income of 82 cents per share. Earnings, adjusted for non-recurring costs, were 90 cents per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 90 cents per share.
The airline posted revenue of $4.98 billion in the period.
Southwest shares have dropped almost 9 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen 9 percent. The stock has dropped nearly 4 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LUV at http://www.zacks.com/ap/LUV
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