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Allegiant Travel: Q2 Earnings Snapshot
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LAS VEGAS (AP) — LAS VEGAS (AP) — Allegiant Travel Co. (ALGT) on Tuesday reported a loss of $4.9 million in its second quarter.

On a per-share basis, the Las Vegas-based company said it had a loss of 21 cents. Earnings, adjusted for non-recurring costs, came to $2.19 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The travel services company posted revenue of $943.5 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.03 billion.

Allegiant Travel shares have increased 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $104.92, more than doubling 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 ALGT at https://www.zacks.com/ap/ALGT

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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