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United Airlines falls 0.8% after third-quarter results and fuel-hit guidance

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United Airlines fell 0.8% in premarket trading after reporting adjusted earnings of $2.54 per share in the third quarter, versus $2.58 expected, and revenue of $17.875 billion. The airline guided fourth-quarter earnings to $0.50-$1.50 per share, below estimates, attributing the gap to higher fuel costs, which it expects at $4.80 per gallon. Evercore ISI kept its Outperform rating and $160 price target.

In 35 seconds

  • United reported adjusted earnings of $2.54 per share and record revenue of $17.875 billion in the third quarter.
  • Fourth-quarter guidance of $0.50 to $1.50 per share came in below Wall Street expectations.
  • The company attributes the weaker outlook to higher fuel costs, which it expects at $4.80 per gallon.
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IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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