United Continental tops 1Q earnings and revenue expectations

CHICAGO - CHICAGO (AP) _ United Continental Holdings Inc. (UAL) on Thursday reported first-quarter net income of $508 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Chicago-based company said it had profit of $1.32. Earnings, adjusted for non-recurring costs, came to $1.52 per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.

The airline posted revenue of $8.61 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $8.59 billion.

United shares have dropped slightly more than 4 per cent since the beginning of the year. The stock has increased 40 per cent 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 UAL at http://www.zacks.com/ap/UAL


Keywords: United Continental, Earnings Report, Priority Earnings