LAS VEGAS (AP) — LAS VEGAS (AP) — Allegiant Travel Co. (ALGT) on Wednesday reported a loss of $36.8 million in its third quarter.
On a per-share basis, the Las Vegas-based company said it had a loss of $2.05. Losses, adjusted for non-recurring costs, were $2.02 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.85 per share.
The travel services company posted revenue of $562.2 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $561.2 million.
Allegiant Travel shares have declined 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $62.60, a drop of nearly 9% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGT at https://www.zacks.com/ap/ALGT
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