United Airlines stock rises on Q2 beat & raised outlook
United Airlines stock rises on Q2 beat & raised outlook
UAL
+0.02%
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United Airlines (UAL) share gained more than 2% after-hours following the company’s reported Q2 results, with EPS of $5.03 coming in better than the consensus estimate of $3.98.
Revenue grew 17.1% year-over-year to $14.2 billion, beating the consensus estimate of $13.9B.
The company raised its fiscal 2023-year outlook, expecting EPS in the range of $11.00-$12.00 (vs. previous guidance of $10-$12), compared to the consensus estimate of $9.73.
According to CEO Scott Kirby, strong Q2 performance and updated outlook make it clear that United Next is working and is the right strategy at the right time.
