Allegiant Travel rises after reporting 58% boost in Q1 revenue
Allegiant Travel Co. (Nasdaq:ALGT) shares are up more than 17% after the leisure travel company reported first-quarter operating revenue of $133.1 million, up 58% from $84.3 million a year earlier. Wall Street analysts expected $123.8 million in revenue. Quarterly net income was flat at $9.7 million, or $0.47 per share, versus $9.7 million, or $0.48 per share, a year earlier. Analysts anticipated earnings of $0.34 per share.
In Tuesday morning trading, ALGT shares are up 18.08%, or $3.76, at $24.56. For detailed price information and recent news stories about Allegiant Travel, click ALGT.
