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Southwest Airlines rises after quarterly earnings beat

By Reuters News

** Shares of Southwest Airlines LUV.N up 1.5% at $40.50 in extended trading

** LUV reports Q3 adjusted earnings above estimates led by higher fares and additional fees

** Q3 adj. per share profit of 66 cents beats Wall Street expectations of 58 cents, according to data compiled by LSEG

** Company cuts full-year adj. profit forecast to $2.60 to $2.85 per share from prior range of $3.25 to $4.25 per share

** Median PT of 26 brokerages covering LUV is $50, as per LSEG data

** Stock down about 4% YTD, as of last close

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