
United Continental (UAL) Stock Climbs in After Hours Trading on Q2 Earnings, Revenue Beat
NEW YORK (TheStreet) -- Shares of United Continental (UAL) - Get Report are up 1.67% to $48.65 in after-hours trade after the company announced 2016 second quarter earnings and revenue that beat expectations.
United Continental, based in Chicago, reported earnings of $2.61 per share on revenue of $9.4 billion.
Analysts were looking for earnings of $2.57 per share on revenue of $9.38 billion. For the second quarter of 2015, United reported earnings of $3.14 per share on revenue of $9.9 billion.
CEO Oscar Munoz said the company made significant progress this quarter, fueled by employees' passion and dedication for running a good airline.
"This progress is exemplified by the best six months of operational performance in our history and we will continue down the path of unlocking United's full potential," Munoz said in a company statement.
Ever since the Brexit vote at the end of June, analysts have preferred regional and domestic airline stocks like Southwest (LUV) and Spirit (SAVE) over larger airlines like United due to their lack of international exposure.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its notable return on equity and attractive valuation levels. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: UAL
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.










