Copa Holdings: Q4 earnings snapshot
Copa Holdings Wednesday reported fourth-quarter profit of $88.3m. The Panama City-based company said it had net income of $2.23 per share. Earnings, adjusted for non-recurring costs, came to $4.49 per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.09 per share. The holding company for Panama’s national airline posted revenue of $890.6m in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $883.8m. For the year, the company reported profit of $348.1m, or $8.58 per share. Revenue was reported as $2.97b.<br/>
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Copa Holdings: Q4 earnings snapshot
Copa Holdings Wednesday reported fourth-quarter profit of $88.3m. The Panama City-based company said it had net income of $2.23 per share. Earnings, adjusted for non-recurring costs, came to $4.49 per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.09 per share. The holding company for Panama’s national airline posted revenue of $890.6m in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $883.8m. For the year, the company reported profit of $348.1m, or $8.58 per share. Revenue was reported as $2.97b.<br/>
