PANAMA CITY (AP) — PANAMA CITY (AP) — Copa Holdings SA (CPA) on Wednesday reported fourth-quarter net income of $166.2 million.
On a per-share basis, the Panama City-based company said it had profit of $3.99.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.84 per share.
The holding company for Panama’s national airline posted revenue of $877.1 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $880.1 million.
For the year, the company reported profit of $608.5 million, or $14.56 per share. Revenue was reported as $3.44 billion.
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