United Continental Holdings Inc. Announces 33% Decline In Q3 Earnings

(RTTNews) - United Continental Holdings Inc. (UAL) reported a profit for third quarter that dropped from last year.

The company said its profit dropped to $669 million, or $2.22 per share. This was lower than $997 million, or $3.11 per share, in last year's third quarter.

Analysts had expected the company to earn $2.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.3% to $9.88 billion. This was down from $9.91 billion last year.

United Continental Holdings Inc. earnings at a glance:

-Earnings (Q3): $669 Mln. vs. $997 Mln. last year. -Earnings Decline (Y-o-Y): -32.9% -EPS (Q3): $2.22 vs. $3.11 last year. -EPS Decline (Y-o-Y): -28.6% -Analysts Estimate: $2.12 -Revenue (Q3): $9.88 Bln vs. $9.91 Bln last year. -Revenue Change (Y-o-Y): -0.3%