Southwest Airlines 2Q Results: Postgame Scorecard

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Southwest Airlines (LUV) saw its profit rise in the most recent quarter, coming up above estimates.

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Earnings and Revenue

The company experienced stronger-than-expected EPS and revenues. The company reported adjusted net income of 36 cents a share versus the 33 cents a share estimate and revenues of $4.62 billion versus the $4.58 billion estimate. The estimates of 13 analysts ranged from profit of 27 cents to profit of 36 cents.

The company's net income for the quarter rose 41.6% to $228 million. Revenue climbed 11.7% from $4.14 billion in the same period last year.

Company Fundamental Trends

The company has averaged revenue growth of 27.6% over the past five quarters.

History Against Expectations

The company has now topped analyst estimates for at least the last four quarters. It beat by 3 cents in the first quarter, 2 cents in the fourth quarter of the last fiscal year and 2 cents in the third quarter of the last fiscal year.

Official Comment:

"Record revenues driven by steady growth were sufficient to overcome high jet fuel prices," Chief Executive Gary C. Kelly said.

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Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.