United Airlines (UAL) Beats Q2 Earnings Estimates

United Airlines reported Q2 earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.92 by 3.65%, on revenues of $17.67 billion versus $15.24 billion year ago. UAL has surpassed consensus EPS estimates in all four of the last four quarters, with shares up about 7.6% year-to-date compared to the S&P 500's 10.2% gain.

Why it matters: The stock carries a Zacks Rank #2 (Buy) ahead of the earnings release, with full-year EPS expected at $10.50 on $67.03 billion in revenue; the Transportation-Airline industry ranks in the top 33% of all Zacks industries.