LAS VEGAS (AP) — LAS VEGAS (AP) — Allegiant Travel Co. (ALGT) on Tuesday reported a loss of $216.2 million in its fourth quarter.
The Las Vegas-based company said it had a loss of $12 per share. Earnings, adjusted for non-recurring costs, were $2.10 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The travel services company posted revenue of $627.7 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $624.8 million.
For the year, the company reported a loss of $240.2 million, or $13.46 per share, swinging to a loss in the period. Revenue was nearly unchanged at $2.51 billion.
For the current quarter ending in March, Allegiant Travel expects its per-share earnings to range from $1.50 to $2.50.
The company expects full-year earnings in the range of $7.75 to $10.25 per share.
Allegiant Travel shares have risen slightly more than 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $99.11, an increase of 36% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGT at https://www.zacks.com/ap/ALGT
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