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.


This story was generated by Automated Insights ( using data from Zacks Investment Research. JBLU stock research report from Zacks:


Keywords:JetBlue,Earnings Report