United: 4Q Earnings Snapshot
CHICAGO (AP) _ United Continental Holdings Inc. (UAL) on Tuesday reported fourth-quarter profit of $462 million.
The Chicago-based company said it had net income of $1.70 per share. Earnings, adjusted for one-time gains and costs, came to $2.41 per share.
The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The airline posted revenue of $10.49 billion in the period, also surpassing Street forecasts. Eighteen analysts surveyed by Zacks expected $10.37 billion.
United expects full-year earnings in the range of $10 to $12 per share.
United shares have declined 3 percent since the beginning of the year.