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JetBlue beats 1Q profit forecasts

NEW YORK (AP) _ JetBlue Airways Corp. (JBLU) on Tuesday reported first-quarter profit of $199 million.

On a per-share basis, the New York-based company said it had net income of 59 cents.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The airline posted revenue of $1.62 billion in the period.

JetBlue shares have declined 10 percent since the beginning of the year. The stock has climbed 3 percent in the last 12 months.


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Keywords: JetBlue Airways, Earnings Report

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