SkyWest (SKYW) Tops Q3 EPS by 5c, Revenues Beat

SkyWest (NASDAQ: SKYW) reported Q3 EPS of $1.79, $0.05 better than the analyst estimate of $1.74. Revenue for the quarter came in at $760.3 million versus the consensus estimate of $753.94 million.

• $1.79 earnings per diluted share, up 14% from $1.57 in Q3 2018
• Pre-tax income of $119 million, up from $110 million in Q3 2018; net income of $91 million, up from $83 million in Q3 2018
• Five new E175 aircraft scheduled for delivery in Q4 2019 under a previously announced agreement

Commenting on the results, Chip Childs, Chief Executive Officer and President of SkyWest, said, "We were pleased to deliver another solid quarter as we continue executing our fleet strategy and remain positioned for future opportunity based on strong demand for our product. I want to thank our SkyWest professionals for their excellent work during the quarter."

For earnings history and earnings-related data on SkyWest (SKYW) click here.

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