Southwest beats Street 2Q forecasts


              FILE - In this Friday, Feb. 10, 2017, file photo, a Southwest Airlines plane takes off from Palm Beach International Airport in West Palm Beach, Fla. Southwest Airlines Co. reports earnings, Thursday, July 27, 2017. (AP Photo/Wilfredo Lee, File)
FILE - In this Friday, Feb. 10, 2017, file photo, a Southwest Airlines plane takes off from Palm Beach International Airport in West Palm Beach, Fla. Southwest Airlines Co. reports earnings, Thursday, July 27, 2017. (AP Photo/Wilfredo Lee, File)

DALLAS (AP) - Southwest is reporting second-quarter net income of $746 million.

On a per-share basis, the Dallas company reported profit of $1.23 Thursday. Earnings, adjusted for non-recurring costs, came to $1.24 per share, or 4 cents better than industry analysts had expected, according to a survey by Zacks Investment Research.

The airline posted revenue of $5.74 billion in the period, also edging out expectations.

Shares of Southwest Airlines Co. have risen 19 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 11 percent.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LUV at https://www.zacks.com/ap/LUV

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Keywords: Southwest Airlines, Earnings Report, Priority Earnings

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