BUZZ - Southwest Airlines shares rise as its quarterly results exceed expectations

October 21 - ** Southwest Airlines (LUV.N) shares rose 1.5% in after-hours trading to $40.50

** LUV reported third-quarter adjusted earnings per share exceeding expectations (link), mainly driven by higher ticket prices and increased ancillary fees

** According to data compiled by London Stock Exchange Group (LSEG), third-quarter adjusted earnings per share were $0.66, above Wall Street's expectation of $0.58

** The company lowered its full-year adjusted earnings per share outlook to $2.60–$2.85 from the previous $3.25–$4.25

** Based on LSEG data, the median target price given by 26 brokers covering LUV is $50

** As of the close of the previous trading day, the stock has fallen about 4% year to date

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