Why United Airlines Stock Is Moving Higher Thursday
Portfolio Pulse from Adam Eckert
United Airlines Holdings Inc (NASDAQ:UAL) reported better-than-expected Q2 results and issued strong guidance, leading to a rise in its stock. Q2 revenue increased 17.1% YoY to $14.18 billion, beating the consensus estimate of $13.91 billion. The company also reported quarterly earnings of $5.03 per share, surpassing estimates of $4.03 per share. United expects full-year 2023 earnings to be in a range of $11 to $12 per share, higher than estimates of $9.73 per share.
July 20, 2023 | 1:04 pm
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United Airlines' better-than-expected Q2 results and strong guidance could lead to a positive short-term impact on its stock.
United Airlines reported strong Q2 results and issued a positive guidance, both of which exceeded market expectations. This positive news is likely to increase investor confidence and could lead to a short-term increase in the company's stock price.
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