Alaska Air Gr Q1 2024 Adj EPS $(0.92) Beats $(1.05) Estimate, Sales $2.232B Beat $2.190B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alaska Air Group reported Q1 2024 adjusted EPS of $(0.92), surpassing the $(1.05) estimate, with sales of $2.232B exceeding the $2.190B forecast. This represents a 48.39% decrease in losses per share compared to last year, and a 1.64% increase in sales.
April 18, 2024 | 9:13 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Alaska Air Group's Q1 2024 earnings outperformed estimates with a smaller loss per share and higher sales than expected, indicating a potential positive short-term impact on its stock price.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. The reported decrease in losses and increase in sales year-over-year further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100