AP NEWS

Copa Holdings: 3Q Earnings Snapshot

November 13, 2019 GMT

PANAMA CITY (AP) _ Copa Holdings SA (CPA) on Wednesday reported third-quarter profit of $104 million.

On a per-share basis, the Panama City-based company said it had net income of $2.45.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.31 per share.

The holding company for Panama’s national airline posted revenue of $708.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $701 million.

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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 CPA at https://www.zacks.com/ap/CPA