Alaska Air Gr Q4 Adj. EPS $0.30 Beats $0.18 Estimate, Sales $2.55B Beat $2.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alaska Air Group, Inc. (NYSE:ALK) reported Q4 adjusted earnings per share (EPS) of $0.30, surpassing the analyst consensus estimate of $0.18 by 66.67%. However, this represents a 67.39% decrease from the $0.92 EPS reported in the same quarter last year. The company's quarterly sales reached $2.55 billion, slightly beating the consensus estimate of $2.55 billion by 0.12% and marking a 2.99% increase from the $2.48 billion reported in the same period last year.
January 25, 2024 | 11:02 am
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Alaska Air Group reported higher-than-expected Q4 earnings and a slight increase in sales compared to last year, indicating potential positive investor sentiment.
Beating EPS estimates usually results in positive investor sentiment, which could lead to a short-term increase in stock price. However, the significant decrease in EPS year-over-year might temper the positive impact.
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