united airlines (UAL)
The airline’s shares are up more than 5% after hours after better-than-expected quarterly results and earnings guidance. United’s adjusted earnings in the first quarter were between 50 cents and $1.00, beating estimates of 22 cents per share. The airline reported his EPS of $2.36 for the fourth quarter, while analyst consensus expected him to be $2.12. Revenue of $12.4 billion also exceeded expectations of $12.2 billion.
The airline said it was able to recover quickly from significant operational irregularities in December as a result of winter storm Elliott. “Our dedicated team uses state-of-the-art tools to prepare for bad weather, take care of our customers, and help them survive even the worst of weather,” said Scott Kirby, CEO of United Airlines, in the company’s earnings call. After it passed, I recovered quickly.” .
interactive broker (IBKR)
Interactive Brokers Group posted better-than-expected fourth quarter revenue and profit. His earnings per share for the company were $1.31, up from 67 cents a year ago. Earnings also increased from his $603 million in the same period in 2022 to his $976 million.
Interactive Brokers net interest income was $565 million, up 92% year-over-year, driven by higher interest rates and credit card balances.
Shares of biotech companies soared more than 5% after announcing the results of a Phase III study of a vaccine targeting the lung disease respiratory syncytial virus (RSV). The company said its messenger RNA vaccine was 83.7% effective in late-stage trials in preventing at least two of her symptoms in adults over the age of 60. Moderna said the full results will be published at a later date.
Ines is a Senior Business Reporter at Yahoo Finance. Follow her on her Twitter. @ines_ferre
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