Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Azul Stock Is Flying Higher Today

TheMotleyFool

0 0

Shares of Azul (NYSE: AZUL) are flying higher today, up by 10% as of 12:45 p.m. EST, after the Brazilian airline reported third-quarter earnings. The results missed expectations, but the company is optimistic about the travel industry's recovery.

Revenue in the third quarter doubled on a sequential basis to 805.3 million Brazilian reals ($148.3 million), which missed the consensus estimate of 937.3 million reals ($172.3 million). That resulted in a net loss of 1.2 billion reals, or 3.57 reals per share, which was worse than the 2.12 reals per share in red ink that analysts were expecting. That bottom-line result translates into a net loss of $1.99 per American depositary receipt (ADR).

Image source: Getty Images.

Source Fool.com

Like: 0

AZUL

Share