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UPDATE: Southwest Airlines Q4 Earnings Beat Estimates

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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.

Posted-In: profitEarnings News

 

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