Why Southwest Airlines Stock Tumbled Today
Southwest Airlines (NYSE: LUV) stock crashed 11.9% through 11:30 a.m. ET Thursday after missing analyst targets for both sales and earnings last night.
Heading into the Q2 report, Wall Street expected the airline to report at least $0.51 per share in adjusted profit on quarterly sales of $7.29 billion. Southwest said earnings were actually only $0.43, however, and sales were only $7.24 billion.
Image source: Southwest Airlines.
Source Fool.com
Southwest Airlines Co. Stock
€36.29
5.310%
Our community is currently high on Southwest Airlines Co. with 16 Buy predictions and 10 Sell predictions.
As a result the target price of 38 € shows a slightly positive potential of 4.71% compared to the current price of 36.29 € for Southwest Airlines Co..
