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.