Continantal 3Q Profit Climbs

FA Mikey

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Aug 19, 2002
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Houston-based Continental said it earned $237 million, or $2.17 per share, in the July-September period compared with $61 million, or 80 cents per share, a year earlier.

Excluding the one-time gain of $92 million from selling stock in Copa Airlines and $1 million in special charges, Continental said it would have earned $146 million, or $1.36 per share.

Excluding those one-time gains and costs, analysts had expected $1.22 per share, according to a survey by Thomson