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00:02Southwest Airlines reported second quarter adjusted earnings of 94 cents per share,
00:08beating estimates of 51 cents, while revenue of $8.43 billion missed expectations of $8.58
00:15billion, according to Benzinga. Operating revenue rose 16.4% year over year, and revenue per
00:22available seat mile increased 16.2%. Southwest expects that measure to grow between 17.5%
00:29and 19.5% in the third quarter. The airline guided for third quarter adjusted earnings of 50 cents to
00:3675 cents per share, below estimates of 82 cents. Full year adjusted earnings are expected between
00:42$3.25 and $4.25 per share, compared with estimates of $3.17. Southwest ended the quarter with $5.3
00:51billion in liquidity. Shares were down by 2.0% at 46.71 in Thursday's pre-market trading,
00:59according to data from Benzinga Pro. For all things money, visit Benzinga.com.
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