United Continental stock gains 5% on company's quarterly beat

Shares of United Continental Holdings Inc. rose more than 5% in the extended session Tuesday after the airline beat Wall Street's adjusted earnings and revenue expectations. United said it earned $462 million, or $1.70 a share, in the quarter, compared with $579 million, or $1.98 a share, in the year-ago period. Adjusted for one-time items, United earned $657 million, or $2.41 a share, compared with $1.44 a share a year ago. Operating revenue rose to $10.5 billion from $9.5 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $2.01 a share on sales of $10.3 billion. "United delivered proof, not just promises in 2018 - even in the face of significant headwinds from higher than expected fuel costs," Chief Executive Oscar Munoz said in a statement. Shares of United ended the regular trading session up 1.6%.

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