JetBlue Airways Corp. (JBLU) on Tuesday reported third-quarter net income of $199 million.

The New York-based company said it had net income of 58 cents per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The airline posted revenue of $1.73 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.72 billion.

JetBlue shares have dropped 17 percent since the beginning of the year. The stock has dropped 24 percent in the last 12 months.


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Photo Credit: JetBlue's third quarter of 2016 financial results were a mixed bag with revenue exceeding expectations but profits falling short. Pictured is the JetBlue Airspace Lounge in JFK's T5 on July 23, 2013.