Southwest Airlines Inc. Q3 Profit Decreases, But Beats Estimates

(RTTNews) - Southwest Airlines Inc. (LUV) reported a profit for third quarter that Decreased from last year but beat the Street estimates.

The company's earnings totaled $54 million, or $0.10 per share. This compares with $67 million, or $0.11 per share, last year.

Excluding items, Southwest Airlines Inc. reported adjusted earnings of $58 million or $0.11 per share for the period.

Analysts on average had expected the company to earn -$0.04 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 1.1% to $6.949 billion from $6.870 billion last year.

Southwest Airlines Inc. earnings at a glance (GAAP) :

-Earnings: $54 Mln. vs. $67 Mln. last year. -EPS: $0.10 vs. $0.11 last year. -Revenue: $6.949 Bln vs. $6.870 Bln last year.