NEW YORK (AP) - JetBlue Airways Corp. on Tuesday reported first quarter net income of $42 million.
On a per-share basis, the New York company said it had net income of 14 cents. Earnings, adjusted for non-recurring costs, were 16 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The airline posted revenue of $1.87 billion in the period, which met Street forecasts.
JetBlue shares have risen roughly 5% since the beginning of the year. The stock has dropped 14% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBLU at https://www.zacks.com/ap/JBLU
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