United Continental Reports Profit (or Loss)
01-26-2011 | 06:07 AM
#1
Thread Starter
Line Holder
Joined: Jun 2008
Posts: 1,980
Likes: 15
From: 737 CAPT
United Continental Reports Profit (or Loss)
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.
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.
01-26-2011 | 06:24 AM
#2
HOSED BY PBS AGAIN
Joined: Mar 2005
Posts: 1,713
Likes: 0
Well, there you have it! Our CEO gets the $500,000 he was going to give up if we DIDN'T make a full year profit! Thanks to all the hard working employees for making sure he and his family have a nice Christmas this year (while you're working).............
Thread
Thread Starter
Forum
Replies
Last Post
