PNCL: Quick Comment on Pinnacle Earnings

Small Cap Watch List (Track at Marketocracy) member Pinnacle Airlines Corp. (PNCL) reported first quarter 2007 net income and earnings per fully diluted share (”EPS”) of $9.4 million and $0.38, respectively. Analysts had been expecting the company to earn $0.40. However, thereduction in net income was caused primarily by the contractual changes in the airline services agreement with Northwest Airlines, Inc. As we noted before, the long-term impact of those contractual changes are largely offset by a new agreement with Delta.

Shares are up ever so slightly on the news.

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