United Continental Holdings Earnings: Here’s Why Shares are Down Now

United Continental Holdings (NYSE:UAL) delivered a profit and beat 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 down 3.48%.

United Continental Holdings Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 4.26% to $1.35 in the quarter versus EPS of $1.41 in the year-earlier quarter.

Revenue: Rose 0.62% to $10 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: United Continental Holdings reported adjusted EPS income of $1.35 per share. By that measure, the company beat the mean analyst estimate of $1.29. It beat the average revenue estimate of $9.97 billion.

Quoting Management: “I am encouraged by the progress we made in the second quarter – in our operations, in our customer service and in our financial performance,” said Jeff Smisek, chairman, president and chief executive officer. “I’d like to thank my co-workers for working together as we build the world’s leading airline.”

Key Stats (on next page)…

Revenue increased 14.68% from $8.72 billion in the previous quarter. EPS increased to $1.35 in the quarter versus EPS of $-0.98 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $2.22 to a profit $2.23. For the current year, the average estimate has moved down from a profit of $3.79 to a profit of $3.38 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)