DALLAS (AP) – Southwest Airlines Co. (LUV) on Thursday reported first-quarter net income of $511 million.
The Dallas-based company said it had profit of 79 cents per share. Earnings, adjusted for non-recurring costs, came to 88 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The airline posted revenue of $4.83 billion in the period.
Southwest shares have climbed slightly more than 9 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 3 percent. The stock has risen 11 percent in the last 12 months.
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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 http://www.zacks.com/ap/LUV
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Keywords: Southwest Airlines, Earnings Report, Priority Earnings