PINNACLE AIRLINES SHARES GET A BOOST FROM Q3 PROFITS

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By admin November 10, 2010 21:27

PINNACLE AIRLINES SHARES GET A BOOST FROM Q3 PROFITS

Pinnacle Airlines posted better than expected third quarter profits which sent share soaring as much as 18% yesterday.

For the recent quarter, the airline earned $9.4 million, or 51 cents a share, versus $11.4 million, or 63 cents a share, last year. Analysts had been expecting 41 cents a share.

Shares rose some 14% and reached an intraday high of $6.67.

admin
By admin November 10, 2010 21:27
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