UAL Corp.'s stock surged to a new 52-week high on the New YorkStock Exchange Tuesday, after the company reported abetter-than-expected performance in the first quarter.
UAL earned $3 million, or a loss of $1.05 a share afterpreferred dividend requirements, compared with a year-ago loss of $97million, or $4.37 a share. The first-quarter results included aone-time gain of $24 million related to the sale of 10 aircraft, butthe numbers still came in above analysts' expectations.
Wall Street expected the company to lose $1.79 a share in thequarter, based on a mean estimate from 11 analysts surveyed by ZacksInvestment Services.
After reporting its first …
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