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.

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