Investing.com - American Airlines reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
American Airlines announced earnings per share of $0.76 on revenue of $13.42B. Analysts polled by Investing.com anticipated EPS of $0.7663 on revenue of $13.34B.
American Airlines shares are up 1% from the beginning of the year , still down 31.95% from its 52 week high of $22.35 set on Monday, November 8, 2021. They are outperforming the S&P 500 which is down 16.92% year to date.
American Airlines follows other major Industrials sector earnings this month
American Airlines's report follows an earnings missed by Lockheed Martin on Tuesday, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $6.34 on revenue of $15.99B.
CSX had beat expectations on Wednesday with second quarter EPS of $0.54 on revenue of $3.82B, compared to forecast for EPS of $0.4682 on revenue of $3.65B.
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