United Continental tops 2Q profit expectations, misses revenue forecasts

IndustriesAssociated Press

United Continental Holdings Inc. (UAL) on Thursday reported second-quarter profit of $1.19 billion.

The Chicago-based company said it had net income of $3.14 per share. Earnings, adjusted for non-recurring costs, were $3.31 per share.

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The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.29 per share.

The airline posted revenue of $9.91 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $10.02 billion.

United shares have decreased 15 percent since the beginning of the year. The stock has climbed 30 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 UAL at http://www.zacks.com/ap/UAL

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