Hawaiian Holdings Q3 Beats on EPS, Misses on Revenue
Shares of Hawaiian Holdings , the parent company of Hawaiian Airlines, are trading down in post-market activity following the release of the company's Q3 results. For the quarter, total revenue came in just under $600 million, a 9% improvement over the $549 million in the same period the previous year. Net income dropped to $40.6 million ($0.76 per diluted share) from Q3 2012's $45.5 million ($0.86).
Analysts had been expecting revenue of $605 million and EPS of $0.72.
The company provided a set of forward guidance metrics for its current Q4. Operating revenue is expected to come in at $0.1230, while cost per available seat mile (excluding fuel) is estimated at $0.0763. Total ASMs are anticipated to amount to just over 4 billion.
Following the announcement of the results, the company's stock declined by 2.2%, or $0.18, to $8.18 in after-hours trading.
The article Hawaiian Holdings Q3 Beats on EPS, Misses on Revenue originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Hawaiian Holdings. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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