Southwest Airlines Q2 Adj. EPS $1.09 Misses $1.10 Estimate, Sales $7.04B Beat $6.98B Estimate
Portfolio Pulse from Bill Haddad
Southwest Airlines reported Q2 earnings of $1.09 per share, missing the analyst consensus estimate of $1.10 by 0.91 percent. This is a 16.15 percent decrease from the same period last year. The company's quarterly sales of $7.04 billion beat the analyst consensus estimate of $6.98 billion by 0.82 percent, a 4.59 percent increase from last year.
July 27, 2023 | 10:33 am
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NEGATIVE IMPACT
Southwest Airlines' Q2 earnings per share missed estimates by 0.91%, a decrease of 16.15% YoY. However, sales beat estimates by 0.82%, an increase of 4.59% YoY.
Southwest Airlines' earnings miss could negatively impact the stock price in the short term. However, the sales beat might offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100