NEW YORK (TheStreet) --United Continental (UAL - Get Report) posted 2016 third-quarter earnings results beating analysts' expectations after the close on Monday. The Chicago-based airline reported earnings of $3.11 per share on revenue of $9.91 billion. Analysts' had been anticipating earnings of $3.07 per share on revenue of $9.9 billion.
"It's a combination of things. We have an incredible array of human engagement across our entire organization, so it's nice that we're beginning to build momentum not only on our customer service but on our financial deliverables," United Continental CEO Oscar Munoz said during CNBC's "Squawk Box" Tuesday morning.
He added that the continued momentum on the top line spanning the past four quarters would continue into next year.
"I have a new leadership team that's outstanding and as we have done our strategy work over the course of this summer to unlock our potential, we see the possibility of being the best airline in the world across off assets. This is another quarter in the step towards that journey," Munoz explained.
Part of that leadership team helping United Continental along that journey is former American Airlines (AAL) President Scott Kirby who made the move to United Continental back in August.
"It is a complex, large business. On multiple fronts you have to have a lot of experts. He and I work together with the rest of the team and I think it's going to be an exciting trajectory for our company," Munoz said about Kirby's new role.
Shares of United Continental were lower in early mornings trading on Tuesday.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
United Continental's strengths such as its notable return on equity, attractive valuation levels, good cash flow from operations and expanding profit margins 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
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 article's author.