Alaska Air Shares Gain 13.16% in Tuesday's Trading: Here's Why
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Alaska Air (ALK) shares rose by 13.16% after the company increased its Q4 2024 adjusted earnings per share guidance to 40-50 cents, up from the previous 20-40 cents range.
December 11, 2024 | 6:30 pm
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Alaska Air's stock price increased by 13.16% following an upward revision of its Q4 2024 earnings per share guidance to 40-50 cents.
The increase in ALK's stock price is directly linked to the company's improved earnings guidance, which suggests better-than-expected financial performance. This positive outlook likely boosted investor confidence, leading to the stock's significant gain.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100