Shares of JetBlue (NASDAQ: JBLU) were soaring Tuesday, up by 17% as of 1 p.m. ET after the discount airline landed a surprise profit in the middle of Wall Street before the opening bell.

Heading into the quarterly report, the consensus view among analysts was that the airline would lose $0.11 per share on $2.4 billion in revenue in Q2. They were right about the revenues -- but instead of losing money, JetBlue delivered an $0.08 per share profit.

Granted, that $0.08 profit was an adjusted number -- but so was Wall Street's estimate. However, the company's generally accepted accounting principles (GAAP) profit didn't land too far off that mark at $0.07 per share. That's still a heck of a lot better than a loss of any size.

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Source Fool.com