Alaska Air Q2 2024 Adj EPS $2.55 Beats $2.39 Estimate, Sales $2.897B Miss $2.945B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alaska Air Group (NYSE: ALK) reported Q2 2024 adjusted EPS of $2.55, beating the estimate of $2.39, but sales of $2.897 billion missed the $2.945 billion estimate. EPS decreased by 15% year-over-year, while sales increased by 2.08%.
July 17, 2024 | 9:24 pm
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Alaska Air Group (NYSE: ALK) reported mixed Q2 2024 results with EPS beating estimates but sales missing. EPS was $2.55, above the $2.39 estimate, but sales of $2.897 billion fell short of the $2.945 billion estimate. EPS decreased by 15% year-over-year, while sales increased by 2.08%.
The mixed results, with EPS beating but sales missing estimates, create a neutral short-term outlook for ALK. The decrease in EPS year-over-year is a concern, but the slight increase in sales provides some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100