Alaska Air Q3 Earnings Marginally Fall Below Expectations, Cuts Annual Profit And Revenue Outlook
Portfolio Pulse from Vandana Singh
Alaska Air Group, Inc (NYSE:ALK) reported Q3 adjusted EPS of $1.83, down from $2.53 a year ago and missing the consensus of $1.86. The company also reported sales of $2.84 billion, slightly missing the consensus of $2.87 billion. The company has cut its annual profit and revenue outlook, expecting EPS of $4.25-$4.75, down from the prior outlook of $5.50-$7.50. ALK shares are down 1.68% premarket.
October 19, 2023 | 1:04 pm
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Alaska Air's Q3 earnings missed expectations and the company has cut its annual profit and revenue outlook. This news has negatively impacted the company's stock price.
Alaska Air's Q3 earnings fell below expectations and the company has cut its annual profit and revenue outlook. This negative news is likely to impact investor sentiment and put downward pressure on the stock price in the short term.
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