Shares of United Airlines (NASDAQ:UAL) gained in after-hours trading after the company reported earnings for its second quarter of Fiscal Year 2023. Earnings per share came in at $5.03, which beat analysts’ consensus estimate of $4.04 per share.
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Sales increased by 17.1% year-over-year, with revenue hitting $14.18 billion. This beat analysts’ expectations by $250 million.
Looking forward, management now expects earnings per share for Fiscal Year 2023 to be between $11 to $12. For reference, analysts were expecting an EPS of $9.65.
Overall, Wall Street has a consensus price target of $62.76 on UAL stock, implying 14.53% upside potential, as indicated by the graphic above.
