United Airlines beats earnings expectations
United executives will hold a call with analysts at 10:30 a.m. ET Wednesday.United Airlines
Holdings on Tuesday raised its earnings forecast for the year, sending shares higher in after-hours trading. The Chicago-based carrier raised its forecast for full-year earnings to $11.25 to $12.25 a share, up from its previous forecast of $10.50 to $12.United's third-quarter net income jumped nearly 23% to more than $1.02 billion from the year-earlier period, on revenue of $11.38 billion, an increase of 3.4% from a year ago, but below the nearly $11.42 billion analysts expected.
Earnings per share came in at $4.07 on an adjusted basis, compared with $3.97 a share Wall Street analysts estimated.
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