Investing.com - Southwest Airlines (NYSE:LUV) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of $1.23 on revenue of $5.64B. Analysts polled by Investing.com anticipated EPS of $1.08 on revenue of $5.64B. That compared to EPS of $1.08 on revenue of $5.58B in the same period a year earlier. The company had reported EPS of $1.37 on revenue of $5.91B in the previous quarter.
For the year, Southwest Airlines shares are up 14.54%, under-performing the S&P 500 which is up 21.3% year to date.
Southwest Airlines follows other major Transportation sector earnings this month
On Thursday, October 17, 2019, Union Pacific reported third quarter EPS of $2.22 on revenue of $5.52B, compared to forecasts of EPS of $2.31 on revenue of $5.67B.
United Parcel Service earnings beat analyst's expectations on Tuesday, with third quarter EPS of $2.07 on revenue of $18.32B. Investing.com analysts expected EPS of $2.06 on revenue of $18.36B
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