United Airlines falls after forecasting Q4 profit below estimates
Tue 21:18
BUZZ-United Airlines falls after forecasting Q4 profit below estimates ** Shares of United Airlines UAL.O down nearly 3% at $95.35 in extended trading
** Co forecasts fourth-quarter profit below estimates as higher fuel costs weigh on gains from strong travel demand and higher ticket prices
** Chicago-based carrier expects adj earnings of 50 cents to $1.50 per share for the December quarter, compared with analysts' average estimate of $1.76 per share, according to data compiled by LSEG.
** Its Q3 adj profit of $2.54/share narrowly missed estimates of $2.57, even as revenue rose 17.4% to about $17.9 bln
** As of last close, stock down 12.6% YTD
(Reporting by Apratim Sarkar in Bengaluru)
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