Southwest: Q3 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Southwest Airlines Co. (LUV) on Wednesday reported third-quarter profit of $270 million.

The Dallas-based company said it had profit of 55 cents per share. Earnings, adjusted for non-recurring costs, came to 66 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The airline posted revenue of $8.42 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $8.27 billion.

For the current quarter ending in December, Southwest expects its per-share earnings to range from 55 cents to 80 cents.

The company expects full-year earnings in the range of $2.60 to $2.85 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LUV at https://www.zacks.com/ap/LUV