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Alaska Air Group (ALK - Free Report) , together with affiliates, serves more than 100 cities through North America. The company is headquartered in Seattle, Washington.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Alaska Air Group reported earnings (on an adjusted basis) of $1.05 per share in the first quarter of 2017 beat the Zacks Consensus Estimate of $1.04. Earnings contracted 27.6% on a year-over- year basis.
Revenue: Revenues came in at $1,749 million, fell short of the Zacks Consensus Estimate of $1,782.7 million. The top line grew 29.8% on a year-over-year basis.
Key Stats: The carrier, which acquired Virgin America in December last year, paid a dividend to 30 cents per share in the first quarter, up 9% year-over-year. The carrier exited the quarter with $1.7 billion in unrestricted cash and marketable securities. The carrier reported a 4.9% decline in passenger unit revenues for the first quarter.
Stock Price: Alaska Air Group's results did not find favor with investors. Consequently, shares were down, at the time of writing, in pre-market trading.
Check back later for our full write up on this Alaska Air Group earnings report later!
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Alaska Air Group (ALK) Beats on Q1 Earnings
Alaska Air Group (ALK - Free Report) , together with affiliates, serves more than 100 cities through North America. The company is headquartered in Seattle, Washington.
Zacks Rank: Currently, Alaska Air Group has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Alaska Air Group reported earnings (on an adjusted basis) of $1.05 per share in the first quarter of 2017 beat the Zacks Consensus Estimate of $1.04. Earnings contracted 27.6% on a year-over- year basis.
Alaska Air Group, Inc. Price and EPS Surprise
Alaska Air Group, Inc. Price and EPS Surprise | Alaska Air Group, Inc. Quote
Revenue: Revenues came in at $1,749 million, fell short of the Zacks Consensus Estimate of $1,782.7 million. The top line grew 29.8% on a year-over-year basis.
Key Stats: The carrier, which acquired Virgin America in December last year, paid a dividend to 30 cents per share in the first quarter, up 9% year-over-year. The carrier exited the quarter with $1.7 billion in unrestricted cash and marketable securities. The carrier reported a 4.9% decline in passenger unit revenues for the first quarter.
Stock Price: Alaska Air Group's results did not find favor with investors. Consequently, shares were down, at the time of writing, in pre-market trading.
Check back later for our full write up on this Alaska Air Group earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>