Investing.com - Delta Air Lines (NYSE:DAL) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Delta Air Lines announced earnings per share of $-0.51 on revenue of $8.59B. Analysts polled by Investing.com anticipated EPS of $-0.46 on revenue of $9.27B. That with comparison to EPS of $0.96 on revenue of $10.42B in the same period a year before.Delta Air Lines had reported EPS of $1.7 on revenue of $11.44B in the previous quarter.Analysts are expecting EPS of $-2.79 and revenue of $5.61B in the upcoming quarter.
Delta Air Lines shares are down 60.5% from the beginning of the year and are trading at $23.10 , down-from-52-week-high.They are under-performing the S&P 500 which is down 15.66% year to date.
Delta Air Lines follows other major Transportation sector earnings this month
Delta Air Lines's report follows an earnings beat by Kansas City Southern Pref on Friday, who reported EPS of $1.96 on revenue of $731.7M, compared to forecasts EPS of $1.78 on revenue of $716.18M.
JB Hunt had beat expectations on Tuesday, April 14, 2020 with first quarter EPS of $0.98 on revenue of $2.28B, compared to forecast for EPS of $0.97 on revenue of $2.18B.
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