UPDATE: Southwest Airlines Q4 Earnings Beat Estimates
Southwest Airlines Co (NYSE: LUV) reported a strong rise in its fourth-quarter profit.
Southwest's quarterly profit surged to $212 million, or $0.30 per share, versus a year-ago profit of $78 million, or $0.11 per share. Excluding certain items, its profit climbed to $0.33 per share from $0.09 per share.
Its operating revenue jumped to $4.43 billion versus $4.18 billion. However, analysts were projecting earnings of $0.29 per share on revenue of $4.38 billion.
Southwest shares gained 2.34% to $22.28 in pre-market trading.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.