Why Alaska Air Group Stock Crashed on Wednesday
Shares of Alaska Air Group (NYSE: ALK) collapsed on Wednesday, falling as much as 14.2% after the airline reported third-quarter earnings. Alaska Air's profit missed analyst estimates by only a penny, coming in at $2.24 per share, adjusted for one-time items, versus analyst expectations of $2.25. In terms of sales, the company reported $2.12 billion in revenue, about $50 million short of expectations.
After recovering slightly, Alaska Air shares closed the day down 13.2%.
Image source: Alaska Air Group.
Source: Fool.com
Alaska Air Group Inc. Aktie
43,99 €
-0,09 %
Starkes Buy-Sentiment bei Alaska Air Group Inc. mit 34 Buy- gegenüber 3 Sell-Einschätzungen.
Eine erhebliche Steigerung um mehr als 20% ist für Alaska Air Group Inc. mit einem Kursziel von 55 € im Vergleich zum aktuellen Kurs von 43.99 € zu erwarten.
