Alaska Air Group (ALK) Tops Q3 EPS by 13c
Get Alerts ALK Hot Sheet
Price: $44.23 -1.89%
EPS Growth %: -48.4%
Financial Fact:
Other: 92M
Today's EPS Names:
NLY, CP, RUSHA, More
EPS Growth %: -48.4%
Financial Fact:
Other: 92M
Today's EPS Names:
NLY, CP, RUSHA, More
Join SI Premium – FREE
Alaska Air Group (NYSE: ALK) reported Q3 EPS of $2.20, $0.13 better than the analyst estimate of $2.07. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.56 billion.
Highlights:
- Generated approximately $1.2 billion of operating cash flow and $700 million of free cash flow for the nine months ending September 30, 2016.
- Achieved 24.8% adjusted pre-tax margin on a trailing 12-month basis.
- Achieved return on invested capital of 24.4% for the 12-month period ending September 30, 2016.
- Held $3.2 billion in unrestricted cash and marketable securities as of September 30, 2016.
Planned Acquisition of Virgin America:
- Announced proposed acquisition of Virgin America on April 4, 2016.
- Raised approximately $1.5 billion of funding in anticipation of the proposed acquisition of Virgin America.
- Recorded special items of $22 million in the third quarter for merger-related costs.
For earnings history and earnings-related data on Alaska Air Group (ALK) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- O'Reilly Automotive (ORLY) Misses Q1 EPS by 7c, Offers Guidance
- VIST Financial Corp. (VIST) Misses Q1 EPS by 19c
- CVB Financial (CVBF) Tops Q1 EPS by 1c
Create E-mail Alert Related Categories
EarningsRelated Entities
Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!