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. Stock
€43.24
0.250%
With 34 Buy predictions and 3 Sell predictions Alaska Air Group Inc. is one of the favorites of our community.
With a target price of 55 € there is a positive potential of 27.2% for Alaska Air Group Inc. compared to the current price of 43.24 €.
