Despite the Meltdown, looks like we still best 2Q Forecast

MIRAMAR, Fla. (AP) _ Spirit Airlines Inc. (SAVE) on Friday reported second-quarter earnings of $76.7 million.
The Miramar, Florida-based company said it had profit of $1.05 per share. Earnings, adjusted for non-recurring gains, came to $1.03 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The airline posted revenue of $553.4 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $553.3 million.

Spirit shares have fallen 19 percent since the beginning of the year. The stock has dropped roughly 2 percent in the last 12 months.

_____

This story was generated by Automated Insights (Automated Insights - The Future of Financial Reporting) using data from Zacks Investment Research. Access a Zacks stock report on SAVE at Financial Newsletter

_____

Keywords: Spirit, Earnings Report