DALLAS (AP) — DALLAS (AP) — Southwest Airlines Co. (LUV) on Wednesday reported third-quarter net income of $54 million.
The Dallas-based company said it had profit of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 11 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The airline posted revenue of $6.95 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $6.97 billion.
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