U.S. Markets close in 1 hr 24 mins

Allegiant Travel: 4Q Earnings Snapshot

LAS VEGAS (AP) _ Allegiant Travel Co. (ALGT) on Wednesday reported fourth-quarter earnings of $41.4 million.

On a per-share basis, the Las Vegas-based company said it had profit of $2.56.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.

The travel services company posted revenue of $412.1 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $409.1 million.

For the year, the company reported profit of $161.8 million, or $10 per share. Revenue was reported as $1.67 billion.

Allegiant Travel expects full-year earnings to be $13.25 to $14.75 per share.

Allegiant Travel shares have risen 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $125.74, a fall of 21 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