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.

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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 SAVE at http://www.zacks.com/ap/SAVE

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This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

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