Investing.com - Southwest Airlines (NYSE:LUV) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Southwest Airlines announced earnings per share of $0.14 on revenue of $5.05B. Analysts polled by Investing.com anticipated EPS of $0.0713 on revenue of $5.01B.
Southwest Airlines shares are up 4% from the beginning of the year and are trading at $43.71 , down-from-52-week-high.They are outperforming the S&P 500 which is down 8.73% from the start of the year.
Southwest Airlines follows other major Industrials sector earnings this month
Southwest Airlines's report follows an earnings beat by Union Pacific on Thursday, January 20, 2022, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
Raytheon Technologies had beat expectations on Tuesday with fourth quarter EPS of $1.08 on revenue of $17.04B, compared to forecast for EPS of $1.02 on revenue of $17.28B.
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