LAS VEGAS (AP) _ Allegiant Journey Co. (ALGT) on Wednesday reported fourth-quarter earnings of $52.5 million.
The Las Vegas-based firm stated it earned a revenue of $2.87 per share. Revenue, adjusted for non-recurring prices, was $three.17 per share.
The outcomes exceeded Wall Avenue expectations. The median estimate of six analysts surveyed by Zacks Funding Analysis was for earnings of 79 cents per share.
The journey providers firm posted income of $611.5 million within the interval, additionally beating Avenue’s forecasts. 5 analysts polled by Zacks had anticipated $578.three million.
For the yr, the corporate reported earnings of $2.5 million, or 14 cents per share. Income was reported as $2.three billion.
Allegiant Journey shares are up 24% because the begin of the yr. Within the last minutes of buying and selling on Wednesday, the shares hit $84.39, a 53% drop prior to now 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing knowledge from Zacks Funding Analysis. Entry a Zacks inventory report on ALGT at https://www.zacks.com/ap/ALGT