Hawaiian Holdings misses 4Q profit forecasts

HONOLULU (AP) _ Hawaiian Holdings Inc. (HA) on Tuesday reported fourth-quarter profit of $10.6 million.

On a per-share basis, the Honolulu-based company said it had net income of 20 cents. Earnings, adjusted for one-time gains and costs, were $1.28 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The parent company of Hawaiian Airlines posted revenue of $633 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $627.6 million.

For the year, the company reported profit of $244.1 million, or $4.52 per share. Revenue was reported as $2.45 billion.

Hawaiian Holdings shares have decreased roughly 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.95, a rise of 74 percent 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 HA at https://www.zacks.com/ap/HA

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Keywords: Hawaiian Holdings, Earnings Report