United Airlines Holdings Inc UAL shares are trading lower in Wednesday’s after-hours session after the company reported worse-than-expected top-line results.
United Airlines reported second-quarter revenue of $12.11 billion, which missed the estimate of $12.17 billion, according to data from Benzinga Pro. The company reported quarterly earnings of $1.43 per share, which is up from a loss of $3.91 per share year-over-year.
Total operating revenue was up 6% compared to the same period in 2019. United said it expects third-quarter operating revenue to be up 11% compared to the third quarter of 2019.
Operating margins reached 7.2% in the quarter, marking United’s first profitable quarter since before the pandemic.
United said it will hold a conference call to discuss its quarterly results, as well as its financial and operational outlook for the third quarter on Thursday morning.
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UAL Price Action: United has a 52-week high of $54.52 and a 52-week low of $30.54.
The stock was down 6.53% in after hours at $38.92 at press time.
Photo: Bill Abbott from Flickr.
Image and article originally from www.benzinga.com. Read the original article here.