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Allegiant Travel: 1Q Earnings Snapshot

LAS VEGAS (AP) _ Allegiant Travel Co. (ALGT) on Wednesday reported first-quarter net income of $57.1 million.

On a per-share basis, the Las Vegas-based company said it had net income of $3.52. Earnings, adjusted for non-recurring costs, were $3.98 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.88 per share.

The travel services company posted revenue of $451.6 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $454.5 million.

Allegiant Travel expects full-year earnings in the range of $13.25 to $14.75 per share.

Allegiant Travel shares have climbed 33 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $133.61, a fall of 7 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGT at https://www.zacks.com/ap/ALGT