United Continental (UAL) reported earnings on Mon 22 Jan 18 (a/h)

** charts after earnings **

 

United Continental beats by $0.09, reports revs in-line; guides Q1 PRASM +0-2%, will give FY18 and long-term EPS guidance on the call

• Reports Q4 (Dec) earnings of $1.40 per share, excluding non-recurring items, $0.09 better thanthe Capital IQ Consensus of $1.31; revenues rose 4.3% year/year to $9.44 bln vs the $9.41 bln Capital IQ Consensus. Consolidated passenger revenue per available seat mile (PRASM) was up 0.2%.
• UAL repurchased $553 million of its common shares in the fourth quarter, bringing the full-year share repurchases to $1.8 billion and completing the company's July 2016 $2 billion share repurchase program. The company's board of directors authorized a new $3 billion share repurchase program in December.
• Sees Q1 PRASM +0-2%, capacity +3.5-4.5%, adj. pre-tax margin 0%; unit costs +0-1%, fuel $2.11/gallon.