Southwest Airlines Q1 2024 Adj EPS $(0.36) Misses $(0.34) Estimate, Sales $6.33B Miss $6.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
Southwest Airlines reported Q1 2024 adjusted EPS of $(0.36), missing the $(0.34) estimate, with sales of $6.33B also missing the $6.42B estimate. This represents a 10.92% increase in sales compared to the same period last year.
April 25, 2024 | 10:46 am
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Southwest Airlines reported a Q1 2024 adjusted EPS of $(0.36), missing estimates, and sales of $6.33B, also below expectations but showing a 10.92% increase from last year.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year sales growth indicates underlying strength, which might mitigate the negative impact slightly.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100