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.


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