United Continental Holdings Inc. Q3 Income Drops 8%

(RTTNews) - United Continental Holdings Inc. (UAL) released a profit for third quarter that dropped compared to the same period last year.

The company said its earnings dropped to $1.00 billion, or $3.11 per share. This was down from $1.09 billion, or $4.53 per share, in last year's third quarter.

Analysts had expected the company to earn $2.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.9% to $9.91 billion. This was down from $10.31 billion last year.

United Continental Holdings Inc. earnings at a glance:

-Earnings (Q3): $1.00 Bln. vs. $1.09 Bln. last year. -Earnings Decline (Y-o-Y): -8.3% -EPS (Q3): $3.11 vs. $4.53 last year. -EPS Decline (Y-o-Y): -31.3% -Analysts Estimate: $2.88 -Revenue (Q3): $9.91 Bln vs. $10.31 Bln last year. -Revenue Change (Y-o-Y): -3.9%