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Southwest Airlines Company (NYSE:LUV) reported worse-than-expected first-quarter financial results and issued second-quarter adjusted earnings per share guidance with its midpoint below estimates, after the closing bell on Wednesday.
Southwest reported adjusted earnings per share of 45 cents, missing the consensus estimate of 47 cents. In addition, it reported revenue of $7.24 billion, missing the consensus estimate of $7.26 billion.
“Our customers have embraced and value our new products, and that is reflected in our financial performance,” said CEO Bob Jordan.
The company is guiding for second quarter earnings per share to be in a range of 35 cents to 65 cents per share. The current Street …
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