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Alaska Air Group (ALK - Free Report) is the holding company of Alaska Airlines, which, together with its partner regional airlines, 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 (excluding 10 cents from non-recurring items) of $2.24 per share in the third quarter of 2017 short of the Zacks Consensus Estimate of $2.25. Earnings however increased 1.8% compared to the third quarter of 2016.
Revenue: Revenues came in at $2,120 million, lagging the Zacks Consensus Estimate of $2,166.2 million. The top line however grew 35.4% on a year-over-year basis.
Key Stats: The carrier, which acquired Virgin America in December last year, announced a 9% increase in quarterly dividend to 30 cents per share. The carrier exited third quarter with $1.7 billion in unrestricted cash and marketable securities. The carrier reported a 4.2% decline in passenger unit revenues for the third quarter.
Check back later for our full write up on this Alaska Air Group earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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Alaska Air Group (ALK) Misses on Q3 Earnings
Alaska Air Group (ALK - Free Report) is the holding company of Alaska Airlines, which, together with its partner regional airlines, 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 #5 (Strong Sell), 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 (excluding 10 cents from non-recurring items) of $2.24 per share in the third quarter of 2017 short of the Zacks Consensus Estimate of $2.25. Earnings however increased 1.8% compared to the third quarter of 2016.
Revenue: Revenues came in at $2,120 million, lagging the Zacks Consensus Estimate of $2,166.2 million. The top line however grew 35.4% 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
Key Stats: The carrier, which acquired Virgin America in December last year, announced a 9% increase in quarterly dividend to 30 cents per share. The carrier exited third quarter with $1.7 billion in unrestricted cash and marketable securities. The carrier reported a 4.2% decline in passenger unit revenues for the third quarter.
Check back later for our full write up on this Alaska Air Group earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>