Five Things We Learned From American’s Second Quarter Report and Earnings Call

Jul 28 2017

American slightly exceeded Wall Street expectations with its second quarter results earning pre-tax profit of $1.3 billion.

They’re touting the increase in non-GAAP accounting earnings per share year-over-year but of course that’s largely driven by having fewer shares (they’ve been using profits to buy back shares). Profits are actually down compared to the second quarter of last year.

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