Shares of United Airlines (UAL) - Get United Airlines Holdings, Inc. Report are rising after hours Tuesday after the Chicago carrier reported third-quarter earnings ahead of analyst expectations and raised its full-year guidance.
United Air reported GAAP earnings of $3.99 a share against $3.05 in the year-earlier quarter. Shares outstanding fell 6.3% to 256.4 million.
The airline reported adjusted earnings of $4.07 a share against the FactSet-derived analyst estimate of $3.95.
Revenue came in at $11.38 billion against the estimate of $11.42 billion.
And United raised its full-year 2019 adjusted EPS guidance to a range of $11.25 to $12.25 a share from its previous view of $10.50 to $12. Wall Street expects the company to report earnings of $11.85 a share for this year.
The company said its overcame cost pressures in the quarter.
UAL also said it purchased $363 million of common shares in the quarter at an average price of $88.22 each.
United shares were up 1.8% in late trading Tuesday after finishing the regular session up 1.1% at $87.88.