United tops 4Q profit forecasts

Markets Associated Press

  • FILE - In this July 8, 2015, file photo, a United Airlines plane, front, is pushed back from a gate at George Bush Intercontinental Airport in Houston. United Continental Holdings, Inc. reports financial results on Tuesday, Jan. 17, 2017. (AP Photo/David J. Phillip, File)

    FILE - In this July 8, 2015, file photo, a United Airlines plane, front, is pushed back from a gate at George Bush Intercontinental Airport in Houston. United Continental Holdings, Inc. reports financial results on Tuesday, Jan. 17, 2017. (AP Photo/... David J. Phillip, File) (The Associated Press)

  • FILE - In this July 8, 2015, file photo, a United Airlines plane, front, is pushed back from a gate at George Bush Intercontinental Airport in Houston. United Continental Holdings, Inc. reports financial results on Tuesday, Jan. 17, 2017. (AP Photo/David J. Phillip, File)

    FILE - In this July 8, 2015, file photo, a United Airlines plane, front, is pushed back from a gate at George Bush Intercontinental Airport in Houston. United Continental Holdings, Inc. reports financial results on Tuesday, Jan. 17, 2017. (AP Photo/... David J. Phillip, File) (The Associated Press)

United Continental Holdings Inc. (UAL) on Tuesday reported fourth-quarter earnings of $397 million.

Continue Reading Below

On a per-share basis, the Chicago-based company said it had net income of $1.26. Earnings, adjusted for non-recurring costs, were $1.78 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.

The airline posted revenue of $9.05 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $9.06 billion.

United shares have climbed 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $73.74, an increase of 54 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 https://www.zacks.com/ap/UAL

_____

Keywords: United Continental, Earnings Report, Priority Earnings