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Copa Holdings: 2Q Earnings Snapshot

PANAMA CITY (AP) _ Copa Holdings SA (CPA) on Wednesday reported second-quarter earnings of $50.9 million.

On a per-share basis, the Panama City-based company said it had net income of $1.20.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The holding company for Panama's national airline posted revenue of $645.1 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $627.2 million.

Copa Holdings shares have climbed 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $99.58, a rise of 2% 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