Allegiant Travel Q2 EPS at $1.77, above consensus estimate of $0.84, but stock dropped $6.17.
Allegiant Travel (NASDAQ: ALGT) reported a higher-than-expected Q2 EPS of $1.77, beating the analyst consensus estimate of $0.84 by $0.93. The company's revenue for the quarter was $666.28M, compared to analyst estimates of $657.74M. However, Allegiant Travel's quarterly revenue decreased by 2.6% compared to the previous year. The company updated its Q3 2024 guidance to -3.500-2.500 EPS. Despite the positive EPS, Allegiant Travel's stock price dropped by $6.17 on Friday, hitting $43.66.
August 03, 2024
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