Investing.com - Delta Air Lines reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.32 on revenue of $12.55B. Analysts polled by Investing.com expected EPS of $2.28 on revenue of $12.66B. That compared to EPS of $1.8 on revenue of $11.95B in the same period a year earlier. The company had reported EPS of $2.35 on revenue of $12.5B in the previous quarter.
Delta Air Lines shares lost 2.50% to trade at $52.57 in intra-day trade following the report.
For the year, Delta Air Lines shares are up 5.35%, under-performing the S&P 500 which is up 18.56% year to date.
Delta Air Lines follows other major Transportation sector earnings this month
On Tuesday, September 17, 2019, FedEx reported first quarter EPS of $3.05 on revenue of $17.05B, compared to forecasts of EPS of $3.15 on revenue of $17.06B.
Radiant earnings missed analyst's expectations on Thursday, September 12, 2019, with first quarter EPS of $0.09 on revenue of $58.53M. Investing.com analysts expected EPS of $0.12 on revenue of $61.16M
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