LATAM: 2Q Earnings Snapshot
LATAM: 2Q Earnings Snapshot
SANTIAGO, Chile (AP) _ LATAM Airlines Group SA (LTM) on Monday reported a loss of $113.6 million in its second quarter.
On a per-share basis, the Santiago, Chile-based company said it had a loss of 19 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The airline posted revenue of $2.26 billion in the period.
LATAM shares have decreased 31 percent since the beginning of the year. The stock has decreased 20 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LTM at https://www.zacks.com/ap/LTM