-+ 0.00%
-+ 0.00%
-+ 0.00%
Allegiant Travel: Q3 Earnings Snapshot
Share
Listen to the news

LAS VEGAS (AP) — LAS VEGAS (AP) — Allegiant Travel Co. (ALGT) on Wednesday reported a loss of $15.2 million in its third quarter.

On a per-share basis, the Las Vegas-based company said it had a loss of 56 cents. Losses, adjusted for non-recurring costs, were 3 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.

The travel services company posted revenue of $961.6 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $940.5 million.

Allegiant Travel shares have fallen almost 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $82.84, a rise of 43% in the last 12 months.

_____

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.
What's Trending