United Continental Earnings: Here’s Why the Stock is Flying Higher

United Continental Holdings (NYSE:UAL) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.12%.

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United Continental Holdings Earnings Cheat Sheet

Results: Net loss of $620 million (loss of $1.87 per diluted share) in the quarter versus a net loss of $138 million in the year-earlier quarter.

Revenue: Decreased 2.55% to $8.7 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: United Continental Holdings reported adjusted net loss of 58 cents per share. By that measure, the company met the mean analyst estimate of a loss of $.58. It beat the average revenue estimate of $8.67 billion.

Quoting Management: “I want to thank my co-workers for working together in 2012 as we completed the most difficult aspects of our merger integration,” said Jeff Smisek, UAL’s chairman, President and CEO…

…With much of our integration behind us, our significantly improved operational performance and our increasing customer satisfaction, we can now go forward as one company. This year we will continue on our path to becoming the world’s leading airline.”

Key Stats:

Revenue decreased 12.47% from $9.94 billion in the previous quarter. Net income increased to $0 in the quarter versus a net loss of $339 million in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0 and has not changed. For the current year, the average estimate has moved down from a profit of $2.47 to a profit of $1.59 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)