JetBlue Airways posts 4Q profit of $88 million, result tops expectations

StocksAssociated Press

JetBlue Airways Corp. (JBLU) on Thursday reported fourth-quarter profit of $88 million.

The Long Island City, New York-based company said it had profit of 26 cents per share.

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The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The airline posted revenue of $1.45 billion in the period.

For the year, the company reported profit of $401 million, or $1.19 per share. Revenue was reported as $5.82 billion.

JetBlue shares have dropped roughly 1 percent since the beginning of the year. The stock has increased 80 percent in the last 12 months.

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

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Keywords: JetBlue Airways, Earnings Report