Updated from 7:18 a.m. EDTUAL ( UAUA) expects to beat second-quarter earnings targets but trimmed full-year capacity guidance. The Chicago-based parent of United Airlines said it expects to make 93 cents a diluted share on revenue of $5.1 billion for the quarter ended June 30. That reverses a year-ago loss of 26 cents a share and more than doubles the Thomson Financial analyst consensus estimate calling for a 46-cent profit. Sales growth will be 16%, beating the 14% Thomson target. "We expect to report results that exceed current second quarter consensus expectations because of the continuing benefits of our restructuring, strong revenue growth, and our cost control efforts," said CEO Glenn F. Tilton. "We will report a profit and continued strong cash generation. We are making good progress in strengthening our core business; our focus continues to be on driving down costs, as we enhance revenues to improve our margin." The company said it expects consolidated capacity, as measured by available seat miles flown, to rise 3%-3.5% for the third quarter and 2.5%-3% for the year. United said its mainline revenue per available seat mile increased 12% to 12.03 cents in the quarter, while mainline cost per available seat mile, excluding fuel and special charges, was 7.64 cents, an increase of 1.5% from a year earlier. The airline said it's ahead of its goals in achieving cost reductions anticipated in 2007.