JetBlue posts 3Q profit, results miss Street expectations

MarketsAssociated Press

JetBlue Airways Corp. (JBLU) on Thursday reported net income of $79 million in its third quarter.

On a per-share basis, the Long Island City, New York-based company said it had profit of 24 cents.

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The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The airline posted revenue of $1.53 billion in the period, which also did not meet Street forecasts. Analysts expected $1.56 billion, according to Zacks.

JetBlue shares have climbed 31 percent since the beginning of the year. The stock has climbed 52 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. JBLU stock research report from Zacks: http://www.zacks.com/ap/JBLU

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Keywords:JetBlue,Earnings Report