Copa Holdings: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 10:10 AM ET
Last Updated - Aug 08, 2024, 10:10 AM EDT
PANAMA CITY (AP) — PANAMA CITY (AP) — Copa Holdings SA (CPA) on Wednesday reported second-quarter net income of $120.3 million.
On a per-share basis, the Panama City-based company said it had net income of $2.88.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.77 per share.
The holding company for Panama's national airline posted revenue of $819.4 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $841 million.
