United Continental Holdings, Inc. Announces Fourth-Quarter and Full-Year 2010 Results - Yahoo! Finance

UAL reported fourth-quarter 2010 net income of $160 million or $0.44 diluted earnings per share excluding $485 million of special items consisting primarily of merger-related costs and other special charges, an improvement of $347 million compared to the pro forma results year-over-year. On a GAAP basis, UAL reported fourth-quarter net loss of $325 million or $1.01 diluted loss per share.

Analysts had been expecting EPS of $0.24 before special charges and a loss of $1.05 per share including those charges.

UAL reported pro forma full-year 2010 net income of $1.6 billion excluding $765 million of special items, resulting in a net margin of 4.8 percent. On a GAAP basis, UAL reported full-year 2010 net income of $253 million.

UAL ended the year with $8.7 billion in unrestricted cash, cash equivalents and short-term investments.

This exceeds the company's forcast for end of year money on hand.

Employees of the combined company earned $224 million in profit sharing for full-year 2010.