PANAMA CITY (AP) — PANAMA CITY (AP) — Copa Holdings SA (CPA) on Wednesday reported third-quarter net income of $146 million.
On a per-share basis, the Panama City-based company said it had net income of $3.50.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.48 per share.
The holding company for Panama’s national airline posted revenue of $854.7 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $860.3 million.
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