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Allegiant Travel: 2Q Earnings Snapshot

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.


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