SkyWest Inc. (NASDAQ:SKYW) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
SkyWest Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.06 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Decreased 12.77% to $803.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: SkyWest Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company beat the mean analyst estimate of $0.02. It missed the average revenue estimate of $824.2 million.
Quoting Management: Jerry C. Atkin, SkyWest’s Chairman and CEO, said “We had planned to achieve improved financial results for the quarter just ended over the same period last year, however our results were negatively impacted primarily by weather and other operational challenges,” He continued, “In spite of the challenges experienced during the quarter, we remain optimistic on our profit improvement objectives as well as improved operating results.”
Key Stats (on next page)…