Delta 4Q Earnings Snapshot

Delta 4Q Earnings Snapshot

first_imgATLANTA (AP) _ Delta Air Lines Inc. (DAL) on Tuesday reported fourth-quarter profit of $1.02 billion.On a per-share basis, the Atlanta-based company said it had net income of $1.49. Earnings, adjusted for non-recurring gains, were $1.30 per share.The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.The airline posted revenue of $10.74 billion in the period, missing Street forecasts. Eleven analysts surveyed by Zacks expected $10.83 billion.Delta expects full-year earnings to be $6 to $7 per share.Delta shares have dropped slightly more than 4 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 3 per cent. The stock has declined 20 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/DALThe Associated Presslast_img

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