What's Going On With United Airlines Stock Thursday?
Portfolio Pulse from Dylan Berman
United Airlines (NASDAQ:UAL) shares are trading higher following its Q2 earnings report, which showed an adjusted EPS of $4.14, beating estimates of $3.95. However, sales missed expectations at $14.98 billion versus $15.09 billion. The company issued guidance for FY 2024 with an adjusted EPS range of $9 to $11, expecting to be at the lower end. American Airlines (NASDAQ:AAL) shares are also trading lower in sympathy.
July 18, 2024 | 6:00 pm
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American Airlines shares are trading lower in sympathy with United Airlines' mixed Q2 results and cautious FY 2024 guidance.
American Airlines shares are affected by United Airlines' mixed results and cautious guidance, reflecting broader industry concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
United Airlines reported Q2 adjusted EPS of $4.14, beating estimates, but missed on sales. The company issued FY 2024 guidance with an EPS range of $9 to $11, expecting to be at the lower end. Shares are trading higher.
The positive EPS surprise is likely driving the stock higher despite the sales miss and cautious guidance. Investors may focus on the earnings beat and cost management improvements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100