Delta: 1Q Earnings Snapshot
Posted April 10, 2019 7:14 am.
This article is more than 5 years old.
ATLANTA (AP) _ Delta Air Lines Inc. (DAL) on Wednesday reported first-quarter net income of $730 million.
The Atlanta-based company said it had profit of $1.09 per share. Earnings, adjusted for non-recurring gains, came to 96 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The airline posted revenue of $10.47 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $10.39 billion.
Delta shares have climbed 14 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 15 per cent. The stock has climbed slightly more than 8 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAL at https://www.zacks.com/ap/DAL
The Associated Press
