United Airlines Stock Is Grounded Following Q3 Results: The Details
Portfolio Pulse from Adam Eckert
United Airlines Holdings Inc (NASDAQ:UAL) reported Q3 results with total operating revenue of $14.48 billion, a 12.5% YoY increase, beating the consensus estimate of $14.44 billion. Adjusted quarterly earnings were $3.65 per share, surpassing estimates of $3.39 per share. However, the company's shares traded lower in the after-hours session due to uncertain Q4 guidance, which depends on the duration of Tel Aviv flights suspension.
October 17, 2023 | 8:29 pm
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United Airlines reported strong Q3 results but its shares traded lower due to uncertain Q4 guidance. The company's Q4 earnings and revenue are expected to be impacted by the suspension of Tel Aviv flights.
United Airlines reported better-than-expected Q3 results, which would typically lead to a positive market reaction. However, the company's shares traded lower due to the uncertain Q4 guidance, which is dependent on the duration of Tel Aviv flights suspension. This uncertainty could negatively impact the company's Q4 earnings and revenue, leading to a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100