Spirit Airlines Inc. (SAVE) on Tuesday reported third-quarter earnings of $97.1 million.

On a per-share basis, the Miramar, Florida-based company said it had profit of $1.35.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The airline posted revenue of $574.8 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $572.3 million.

Spirit shares have decreased 50 percent since the beginning of the year. The stock has dropped 41 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAVE at http://www.zacks.com/ap/SAVE


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Photo Credit: In this June 13, 2010 file photo, a Spirit Airlines airplane sits on the tarmac at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Lynne Sladky / AP Photo