Delta's stock shoots up over 5% after profit, revenue beat expectations

Shares of Delta Air Lines Inc. DAL, +0.42% shot up 5.4% toward a 5-month high in premarket trading Tuesday, after the air carrier reported fourth-quarter earnings and revenue that rose above expectations. Net income increased to $1.10 billion, or $1.71 a share, from $1.02 billion, or $1.49 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share was $1.70, above the FactSet consensus of $1.40. Revenue rose to $11.44 billion from $10.

2% and above expectations of 85.1%. Total revenue per available seat mile on an adjusted basis increased 2.4%, "exceeding expectations on strong holiday travel demand," while non-fuel costs per available seat mile rose 4.4%, in line with guidance of 4% to 5%. For the first quarter, Delta expects revenue growth of 5% to 7%, while the FactSet consensus of $11.08 billion implies 6.3% growth. The stock has rallied 12.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan's 4Q earnings smash Wall Street's targets - Business InsiderJPMorgan beat analysts' revenue and profit expectations, reflecting strong gains in its corporate and investment bank and asset and wealth management divisions.
Source: BusinessInsider - 🏆 729. / 51 Read more »

JP Morgan beats analysts' estimate for fourth-quarter profit on record Wall Street revenueJ.P. Morgan, the biggest U.S. bank by assets, is the first major lender to report earnings.
Source: CNBC - 🏆 12. / 72 Read more »

JPMorgan Chase Reports Profit Rose 21%JPMorgan Chase, the nation’s largest bank, reported a profit of $8.52 billion, beating analysts’ expectations. Revenue grew 9%, driven in part by stronger investment-banking results. Ellos nunca pierden. We know when they will donate to Australia?
Source: WSJ - 🏆 98. / 63 Read more »