PANAMA CITY (AP) — PANAMA CITY (AP) — Copa Holdings SA (CPA) on Wednesday reported first-quarter earnings of $212.5 million.
The Panama City-based company said it had net income of $5.16 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.43 per share.
The holding company for Panama’s national airline posted revenue of $1.05 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.03 billion.
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