PANAMA CITY (AP) — PANAMA CITY (AP) — Copa Holdings SA (CPA) on Wednesday reported first-quarter net income of $121.5 million.
The Panama City-based company said it had profit of $3.07 per share. Earnings, adjusted for non-recurring costs, came to $3.99 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.34 per share.
The holding company for Panama's national airline posted revenue of $867.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $839.1 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPA at https://www.zacks.com/ap/CPA
For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights.
, source Associated Press News