SkyWest Inc Announces 28% Rise In Q1 Earnings

(RTTNews) - SkyWest Inc (SKYW) reported a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line advanced to $34.79 million, or $0.65 per share. This was up from $27.09 million, or $0.52 per share, in last year's first quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.4% to $765.42 million. This was up from $762.08 million last year.

SkyWest Inc earnings at a glance:

-Earnings (Q1): $34.79 Mln. vs. $27.09 Mln. last year. -Earnings Growth (Y-o-Y): 28.4% -EPS (Q1): $0.65 vs. $0.52 last year. -EPS Growth (Y-o-Y): 25.0% -Analysts Estimate: $0.52 -Revenue (Q1): $765.42 Mln vs. $762.08 Mln last year. -Revenue Change (Y-o-Y): 0.4%