Why United Airlines Stock Is Trading Lower Wednesday
Portfolio Pulse from Adam Eckert
United Airlines Holdings Inc (NASDAQ:UAL) reported Q3 results with total operating revenue of $14.48 billion, up 12.5% YoY, beating consensus estimates of $14.44 billion. Adjusted quarterly earnings were $3.65 per share, surpassing estimates of $3.39 per share. However, the company warned that Q4 earnings could be as low as $1.50 per share, compared to $3.65 in Q3. This warning led to a drop in UAL's share price.
October 18, 2023 | 1:22 pm
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United Airlines' Q3 results exceeded estimates, but the company's warning of potentially lower Q4 earnings led to a decrease in its share price.
United Airlines' Q3 results were strong, beating estimates. However, the company's warning of potentially lower Q4 earnings has negatively impacted investor sentiment, leading to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100