United Continental Holdings Inc. Q1 Income Retreats 70%

(RTTNews) - United Continental Holdings Inc. (UAL) released earnings for first quarter that retreated compared to the same period last year.

The company said its profit fell to $129 million, or $0.41 per share. This was lower than $435 million, or $1.23 per share, in last year's first quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.7% to $8.42 billion. This was up from $8.20 billion last year.

United Continental Holdings Inc. earnings at a glance:

-Earnings (Q1): $129 Mln. vs. $435 Mln. last year. -Earnings Decline (Y-o-Y): -70.3% -EPS (Q1): $0.41 vs. $1.23 last year. -EPS Decline (Y-o-Y): -66.7% -Analysts Estimate: $0.34 -Revenue (Q1): $8.42 Bln vs. $8.20 Bln last year. -Revenue Change (Y-o-Y): 2.7%