JetBlue Airways Q4 Adj EPS $(0.19) Beats $(0.28) Estimate, Sales $2.33B Beat $2.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
JetBlue Airways (NASDAQ:JBLU) reported Q4 adjusted EPS of $(0.19), surpassing the $(0.28) estimate, and sales of $2.33B, exceeding the $2.28B estimate. However, this reflects a 186.36% decrease in EPS and a 3.73% decrease in sales from the same period last year.
January 30, 2024 | 11:31 am
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JetBlue Airways reported better-than-expected Q4 results with an adjusted EPS of $(0.19) and sales of $2.33B, beating estimates but showing a decline from the previous year.
The positive earnings surprise and sales beat are likely to be viewed favorably by investors in the short term, despite the year-over-year decline. Typically, stocks can react positively to earnings that beat estimates, as it may signal better-than-expected financial health and management efficiency.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100