LAS VEGAS (AP) — LAS VEGAS (AP) — Allegiant Travel Co. (ALGT) on Tuesday reported a loss of $43.6 million in its third quarter.
The Las Vegas-based company said it had a loss of $2.41 per share. Losses, adjusted for non-recurring costs, were $2.09 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 $1.84 per share.
The travel services company posted revenue of $561.9 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $580.4 million.
Allegiant Travel shares have dropped 39% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $57.50, a decline of 13% 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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