Investing.com - Southwest Airlines (NYSE:LUV) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Southwest Airlines announced earnings per share of $-0.15 on revenue of $4.23B. Analysts polled by Investing.com anticipated EPS of $-0.19 on revenue of $4.62B. That with comparison to EPS of $0.7 on revenue of $5.15B in the same period a year before. Southwest Airlines had reported EPS of $0.98 on revenue of $5.73B in the previous quarter. Analysts are expecting EPS of $-1.8 and revenue of $2.83B in the upcoming quarter.
Southwest Airlines shares are down 46.07% from the beginning of the year , still down 50.52% from its 52 week high of $58.83 set on February 14. They are under-performing the S&P 500 which is down 11.29% year to date.
Southwest Airlines follows other major Transportation sector earnings this month
Southwest Airlines's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.15 on revenue of $5.23B, compared to forecasts EPS of $1.9 on revenue of $5.11B.
Canadian National Railway had beat expectations on Monday with first quarter EPS of $1.22 on revenue of $3.55B, compared to forecast for EPS of $0.77 on revenue of $3,489M.
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