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00:02Southwest Airlines reported record third quarter results Wednesday,
00:06beating Wall Street expectations as revenue rose 21.2% to $8.42 billion.
00:12According to data from Benzinga Pro, earnings of 66 cents per share topped estimates of 58 cents.
00:17Unit revenue increased 21.6%, while passenger revenue and yields reached company records.
00:23Operating margins hit 4.5%, even as fuel costs increased $821 million from a year earlier.
00:29Southwest expects fourth quarter earnings of 55 to 80 cents per share and unit revenue growth of 19% to
00:3621%.
00:37However, the airline lowered its full year earnings guidance to $2.60 to $2.85 per share,
00:44from $3.25 to $4.25 as fuel costs continue climbing.
00:50Shares rose 1.1% in after-hours trading.
00:53For all things money, visit Benzinga.com.
