Southwest Airlines Reports Q3 Profit Decline but Beats Estimates

Southwest Airlines Inc. reported third-quarter profit of $54 million, or $0.10 per share, down from $67 million, or $0.11 per share a year earlier, while revenue rose 1.1% to $6.949 billion; the results beat analyst expectations, which had forecast a loss of $0.04 per share. Following the report, Southwest shares advanced 2.71% to $34.43 on Monday, marking their second consecutive day of gains. Other market moves included A.O. Smith Corp., which rose 1.70% to $71.00 on Tuesday for its sixth straight day of gains, and J.B. Hunt Transport Services, which gained 2.11% to $168.98 on Tuesday for its second straight increase. MarketWatch noted that intraday and historical market data are provided by FACTSET and are subject to exchange delays and terms of use. A separate MarketWatch item reported that Howmet Aerospace underperformed its peers.