SkyWest Inc Reveals Retreat In Q2 Profit, but beats estimates

(RTTNews) - SkyWest Inc (SKYW) reported a profit for second quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $15.4 million, or $0.35 per share. This compares with $54.0 million, or $1.07 per share, in last year's second quarter.

Analysts on average had expected the company to earn -$0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.2% to $725.6 million from $799.1 million last year.

SkyWest Inc earnings at a glance (GAAP) :

-Earnings (Q2): $15.4 Mln. vs. $54.0 Mln. last year. -EPS (Q2): $0.35 vs. $1.07 last year. -Analyst Estimates: -$0.45 -Revenue (Q2): $725.6 Mln vs. $799.1 Mln last year.