Ryanair Posts Q3 Profit, Lifts Forecast - Ryanair Hldgs (NASDAQ:RYAAY)

27% profit every 20 days?

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Ryanair Holdings PLC (NASDAQ: RYAAY) posted a net profit in the third quarter and lifted its outlook.Ryanair posted a quarterly profit of EUR49 million, versus a year-ago loss of EUR35 million.Its sales climbed 17% to EUR1.1 billion.Load factor widened to 88% from 82%, while traffic rose 14%.For the 12 months to 31 March 2015, Ryanair now expects a profit of €840 million to 850 million, versus its earlier forecast of €810 million to €830 million.The company also announced its plans to launch a EUR400 million ($451 million) share buyback program.Ryanair shares rose 1.20% to $66.77 in after-hours trading.

27% profit every 20 days?

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