News

Delta tops 3Q net income and revenue expectations

ATLANTA – ATLANTA (AP) _ Delta Air Lines Inc. (DAL) on Thursday reported earnings of $357 million in its third quarter.

The Atlanta-based company said it had profit of 42 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.20 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.

The airline posted revenue of $11.18 billion in the period, also topping Street forecasts. Analysts expected $11.12 billion, according to Zacks.

Delta shares have increased 18 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen nearly 1 per cent. The stock has climbed 35 per cent in the last 12 months.

_____

This story was generated by Automated Insights using data from Zacks Investment Research. DAL stock research report from Zacks.

_____

Keywords:Delta,Earnings Report,Priority Earnings