Southwest Airlines (LUV)

[Scripo]

Southwest Airlines Co. (LUV) has jumped 41% this year after soaring 86% in 2013. The shares closed Thursday at $26.44 and trade for 15.2 times the consensus 2015 EPS estimate of $1.74. The consensus 2014 EPS estimate is $1.50.

The company reported a 2% increase in first-quarter operating revenue to $4.17 billion, but operating expenses were down 2% to $3.95 billion, so operating income tripled to $215 million.

First-quarter net income came in at $152 million, or 22 cents a share, increasing from $59 million, or 8 cents, a year earlier. Net cash provided by operating activities in the first quarter totaled $1.12 billion, up 14% from a year earlier. Meanwhile, stock repurchases brought the average count of outstanding shares down 3% from a year earlier.

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