Controladora Vuela Q3 EPS $0.32 Beats $0.21 Estimate, Sales $813.00M Beat $805.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Controladora Vuela (NYSE:VLRS) reported Q3 earnings of $0.32 per share, surpassing the $0.21 estimate, and sales of $813M, beating the $805.59M estimate. This marks a significant improvement from last year's losses, despite a slight sales decline.
October 22, 2024 | 9:28 pm
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Controladora Vuela's Q3 earnings per share of $0.32 significantly exceeded expectations, marking a strong recovery from last year's losses. Sales also surpassed estimates, although they were slightly down from the previous year.
The significant beat on EPS and the improvement from last year's losses are likely to positively impact VLRS's stock price in the short term. The sales beat, despite being slightly lower than last year, further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100