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Alaska Air Group (ALK - Free Report) , is the holding company of Alaska Airlines, which, together with its partner regional airlines, serves more than 100 cities through North America. The company is headquartered in Seattle, Washington.
Zacks Rank: Currently, Alaska Air Group has a Zacks Rank #4 (Sell), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Alaska Air Group reported earnings (on an adjusted basis) of $2.20 per share in the third quarter of 2016 beating the Zacks Consensus Estimate of $2.05. Earnings increased 2% compared to the third quarter of 2015.
Revenue: Revenues came in at $1.57 billion, edging past the Zacks Consensus Estimate of $1.55 billion. The top line grew 3% on a year-over-year basis.
Key stats: The carrier shelled out a quarterly cash dividend worth 27.5 cents per-share in the third quarter, up 38% year over year. The carrier exited the quarter with $3.2 billion in unrestricted cash and marketable securities.
Check back later for our full write up on this Alaska Air Group earnings report later!
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Alaska Air (ALK) Q3 Earnings and Revenues Beat
Alaska Air Group (ALK - Free Report) , is the holding company of Alaska Airlines, which, together with its partner regional airlines, serves more than 100 cities through North America. The company is headquartered in Seattle, Washington.
Zacks Rank: Currently, Alaska Air Group has a Zacks Rank #4 (Sell), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Alaska Air Group reported earnings (on an adjusted basis) of $2.20 per share in the third quarter of 2016 beating the Zacks Consensus Estimate of $2.05. Earnings increased 2% compared to the third quarter of 2015.
Revenue: Revenues came in at $1.57 billion, edging past the Zacks Consensus Estimate of $1.55 billion. The top line grew 3% on a year-over-year basis.
Key stats: The carrier shelled out a quarterly cash dividend worth 27.5 cents per-share in the third quarter, up 38% year over year. The carrier exited the quarter with $3.2 billion in unrestricted cash and marketable securities.
ALASKA AIR GRP Price and EPS Surprise
ALASKA AIR GRP Price and EPS Surprise | ALASKA AIR GRP Quote
Check back later for our full write up on this Alaska Air Group earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>