NEW YORK (TheStreet) -- JetBlue Airways Corp. (JBLU) - Get Report stock is up by 3.95% to $20.71 in mid-morning trading on Friday, after the airline reported better-than-expected 2015 fourth quarter earnings results.
Before the market open on Thursday, JetBlue posted earnings of 56 cents per share, higher than analysts' forecasts for earnings of 51 cents a share. Revenue of $1.6 billion topped analysts' forecasts for revenue of $1.58 billion.
The company is expecting capacity to rise between 14% and 16% in the first quarter of 2016 and between 8.5% and 10.5% during the full year.
Shares of JetBlue fell on Thursday due to concerns about the Zika virus, which has caused birth defects in Brazil, Reuters reports. The airline is offering refunds to customers who bought tickets to areas affected by the virus, according to Reuters.
"People incrementally are starting to pay a little more attention to Zika than they were before,"Sterne Agee analyst Adam Hackel told Reuters. "(They) freak out when it comes to airlines."
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "buy" with a ratings score of A. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
You can view the full analysis from the report here: JBLU