United beats Street 3Q forecasts

Markets Associated Press

FILE - In this July 8, 2015, file photo, United Airlines and United Express planes prepare to take off at George Bush Intercontinental Airport in Houston. United Continental reports financial results Monday, Oct. 17, 2016. (AP Photo/David J. Phillip, ... FIle) (The Associated Press)

United Continental Holdings Inc. (UAL) on Monday reported third-quarter earnings of $965 million.

Continue Reading Below

The Chicago-based company said it had profit of $3.01 per share. Earnings, adjusted for non-recurring costs, came to $3.11 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.05 per share.

The airline posted revenue of $9.91 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $9.88 billion.

United shares have dropped 7.5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $53.03, a decrease of 8 percent in the last 12 months.

_____

Continue Reading Below

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UAL at http://www.zacks.com/ap/UAL

_____

Keywords: United Continental, Earnings Report, Priority Earnings