LAS VEGAS (AP) _ Allegiant Travel Co. (ALGT) on Wednesday reported second-quarter earnings of $70.5 million.
On a per-share basis, the Las Vegas-based company said it had net income of $4.33.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.67 per share.
The travel services company posted revenue of $491.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $505.2 million.
Allegiant Travel expects full-year earnings to be $13.50 to $14.25 per share.
Allegiant Travel shares have climbed 48% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $148.77, an increase of roughly 7% in the last 12 months.