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Allegiant Travel: 3Q Earnings Snapshot

LAS VEGAS (AP) _ Allegiant Travel Co. (ALGT) on Thursday reported third-quarter net income of $43.4 million.

On a per-share basis, the Las Vegas-based company said it had profit of $2.70.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share.

The travel services company posted revenue of $436.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $429.4 million.

Allegiant Travel expects full-year earnings to be $14.25 to $14.75 per share.

Allegiant Travel shares have climbed 54% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $154.38, an increase of 34% 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