JetBlue Shares Rise On First-quarter Earnings

Shares of JetBlue rose 4.7% Tuesday in premarket trade after the company beat first-quarter earnings expectations. The airline reported net income of $199 million, or 59 cents per share, up from $137 million, or 40 cents per share, in the year-earlier period. The FactSet consensus was for earnings per share of 53 cents. JetBlue reported revenue of $1.62 billion, up from $1.52 billion in the year-earlier period, but below the Factset consensus of $1.63 billion. Shares of JetBlue have fallen 10% year-to-date compared to the S&P 500's gain of 2%.