Allegiant Travel: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 09:12 AM ET
Last Updated - Jun 21, 2023, 11:27 PM EDT
LAS VEGAS (AP) — LAS VEGAS (AP) — Allegiant Travel Co. (ALGT) on Wednesday reported first-quarter net income of $56.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Las Vegas-based company said it had profit of $3.09. Earnings, adjusted for non-recurring gains, were $3.04 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The travel services company posted revenue of $649.7 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $628.2 million.
