United Continental (UAL) reported earnings on Tue 17 July 18 (a/h)

** charts after earnings **

 

United Continental beats by $0.16, reports revs in-line; raises FY18 EPS 

• Reports Q2 (Jun) earnings of $3.23 per share, excluding non-recurring items, $0.16 better thanthe Capital IQ Consensus of $3.07; revenues rose 7.7% year/year to $10.78 bln vs the $10.72 bln Capital IQ Consensus. 
• Consolidated passenger revenue per available seat mile (PRASM) increased 3.0 percent year-over-year. Consolidated CASM, excluding special charges, third-party business expenses, fuel and profit sharing, decreased 0.4 percent year-over-year.
• Co issues guidancefor FY18, sees EPS of $7.25-8.75 from $7.00-8.50, excluding non-recurring items, vs. $7.71 Capital IQ Consensus Estimate.