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United: 3Q Earnings Snapshot

·1 min read

CHICAGO (AP) _ United Airlines Holdings Inc. (UAL) on Wednesday reported a third-quarter loss of $1.84 billion, after reporting a profit in the same period a year earlier.

The Chicago-based company said it had a loss of $6.33 per share. Losses, adjusted for non-recurring gains, came to $8.16 per share.

The results missed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of $7.63 per share.

The airline posted revenue of $2.49 billion in the period, which also missed Street forecasts. Fifteen analysts surveyed by Zacks expected $2.57 billion.

United shares have dropped 60% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.61, a fall of 59% 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 UAL at https://www.zacks.com/ap/UAL