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Copa Holdings: 1Q Earnings Snapshot

PANAMA CITY (AP) _ Copa Holdings SA (CPA) on Wednesday reported first-quarter earnings of $89.4 million.

The Panama City-based company said it had profit of $2.11 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.

The holding company for Panama's national airline posted revenue of $672.2 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $672.3 million.

Copa Holdings shares have increased 3.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $81.45, a drop of 30% 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 CPA at https://www.zacks.com/ap/CPA