Southwest Airlines Reports Mixed Q3 Results

Southwest Airlines Co LUV reported mixed results for the third quarter. While EPS topped, revenue fell shy of expectations modestly.

• Reports adjusted EPS of $0.93, beats by $0.05.
• Revenue of $5.14 billion, missing estimates by $0.03 billion.
• Load factor fell 0.1 points to 85.3.
• Returned $312 million to shareholders by way of dividend and share repurchases.
• The company did not give outlook for the fourth quarter.

Following the news, the stock fell 8 percent to $38.50 in the pre-market session.