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United Continental Holdings Inc. (UAL) on Tuesday reported second-quarter profit of $588 million.

On a per-share basis, the Chicago-based company said it had net income of $1.78. Earnings, adjusted for non-recurring costs, were $2.61 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.

The airline posted revenue of $9.4 billion in the period.

United shares have fallen 16 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $47.85, a fall of 14 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 UAL at http://www.zacks.com/ap/UAL

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Keywords: United Continental, Earnings Report, Priority Earnings

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Tags: earnings, united airlines
Photo Credit: United’s free personal device entertainment makes scores of movies and TV shows available for streaming directly to customers’ laptops and mobile devices. The airline reported Q2 earnings July 19, 2016. United Airlines