United Airlines (UAL)
Shares of the airline are up greater than 5% in after hours after better-than-expected quarterly results and earnings guidance. United sees its first quarter adjusted earnings anywhere between 50 cents and $1.00, beating estimates of twenty-two cents per share. The airline reported fourth quarter EPS of $2.36 versus analysts’ consensus expectations of of $2.12. It’s revenue of $12.4 billion also got here in above expectations of $12.2 billion.
The airline said it in a position to get well quickly from significant irregular operations in December in consequence of winter storm Elliott. “Our dedicated team used our state-of-the-art tools to arrange for the bad weather, handle our customers and quickly get well once the worst of the weather had passed,” United Airlines CEO Scott Kirby said in the corporate’s earnings release.
Interactive Brokers (IBKR)
Interactive Brokers Group posted higher-than-expected fourth quarter revenue and profit. The corporate’s earnings per share got here in at $1.31, compared with 67 cents a yr ago. Revenue also increased, to $976 million, up from $603 million for a similar period in 2022.
Interactive Brokers’ net interest income rose 92% year-over-year to $565 million amid higher rates of interest and bank card balances.
Moderna (MRNA)
Shares of the biotech company soared greater than 5% after announcing the outcomes of a phase-3 study surrounding a vaccine targeting respiratory syncytial virus (RSV), a lung disease. The corporate said it its messenger RNA vaccine was 83.7% effective in a late-stage trial at stopping no less than two symptoms in adults aged 60 and older. Moderna said the complete results shall be published at a later date.
Ines is a senior business reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre
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