PANAMA CITY (AP) — PANAMA CITY (AP) — Copa Holdings SA (CPA) on Wednesday reported fourth-quarter earnings of $172.6 million.
The Panama City-based company said it had net income of $4.18 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.44 per share.
The holding company for Panama’s national airline posted revenue of $962.9 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $967.6 million.
For the year, the company reported profit of $671.6 million, or $16.28 per share. Revenue was reported as $3.62 billion.
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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 CPA at https://www.zacks.com/ap/CPA