Shares of United Continental Holdings Inc. UAL, +5.85% 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%.
United Continental Holdings Inc. shares rose $4.89 (+6.02%) in after-hours trading Tuesday. Year-to-date, UAL has declined -3.02%, versus a 4.17% rise in the benchmark S&P 500 index during the same period.
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