Investing.com - Southwest Airlines (NYSE:LUV) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Southwest Airlines announced earnings per share of $-1.29 on revenue of $2.01B. Analysts polled by Investing.com anticipated EPS of $-1.67 on revenue of $2.12B.
Southwest Airlines shares are down 5.28% from the beginning of the year and are trading at $44.15 , down-from-52-week-high.They are under-performing the S&P 500 which is down 0.14% from the start of the year.
Southwest Airlines follows other major Transportation sector earnings this month
Southwest Airlines's report follows an earnings beat by Union Pacific on Thursday, January 21, 2021, who reported EPS of $2.36 on revenue of $5.14B, compared to forecasts EPS of $2.25 on revenue of $5.1B.
Canadian National Railway had beat expectations on Tuesday with fourth quarter EPS of $1.43 on revenue of $3.66B, compared to forecast for EPS of $1.42 on revenue of $3.63B.
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