Revenue Update on Ryanair Holdings plc (ADR)(NASDAQ:RYAAY)

Ryanair Holdings plc (ADR)(NASDAQ:RYAAY) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-Market on Feb 6, 2017. Company reported revenue of $1.439B. Analysts estimated a revenue of $1.470B. The revenues were -2.11% below the estimates. Earnings per share were $0.081. The reported EPS was below estimates by -84.72%. Analysts had estimated an EPS of $0.53.

Ryanair Holdings plc (ADR) (RYAAY) shares turned negative on Tuesdays trading session with the shares closing down -1.22 points or -1.49% at a volume of 4,33,317. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $80.94. The peak price level was also seen at $80.94 while the days lowest was $80.33. Finally the shares closed at $80.45. The 52-week high of the shares is $89.6663 while the 52-week low is $66.09. According to the latest information available, the market cap of the company is $20,183 M.

Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates a low fare scheduled-passenger airline serving short-haul point-to-point routes between Ireland the United Kingdom Continental Europe and Morocco. The Company’s principal fleet consists of Boeing 737-800 aircraft each having 189 seats. The Company offered over 1600 short-haul flights per day serving approximately 190 airports across Europe and flying approximately 1600 routes with a fleet of approximately 315 Boeing 737-800 aircraft and six additional leased aircraft acquired on short term leases. Ryanair’s fleet totaled to 308 Boeing 737-800s. Ryanair also provides various ancillary services and engages in other activities connected with its air passenger service including non-flight scheduled services Internet-related services and the in-flight sale of beverages food and merchandise.

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