For the first quarter JetBlue posted earnings of 1 cent a share, missing analysts' estimates of 7 cents a share by 6 cents. Revenue grew 3.8% from the year-ago quarter to $1.35 billion for the airline. Analysts surveyed by Thomson Reuters expected revenue of $1.38 billion.
"While first quarter results were negatively impacted by severe winter weather in the Northeast, we believe our maturing network in high-value geography together with our differentiated product and service will help JetBlue expand margins and improve shareholder returns in 2014," JetBlue CEO Dave Barger said in a press release.
Must read: Warren Buffett's 10 Favorite Growth Stocks
TheStreet Ratings team rates JETBLUE AIRWAYS CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate JETBLUE AIRWAYS CORP (JBLU) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."