Investing.com - Delta Air Lines (NYSE:DAL) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.96 on revenue of $10.42B. Analysts polled by Investing.com forecast EPS of $0.89 on revenue of $10.38B. That compared to EPS of $0.74 on revenue of $9.97B in the same period a year earlier. The company had reported EPS of $1.3 on revenue of $10.74B in the previous quarter.
Delta Air Lines shares gained 1.33% to trade at $57.70 in intra-day trade following the report.
Delta Air Lines shares gained 1.33% to trade at $57.70 in intra-day trade following the report.
For the year, Delta Air Lines shares are up 15.63%, under-performing the S&P 500 which is up 16.46% year to date.
Delta Air Lines follows other major Transportation sector earnings this month
On Tuesday, March 19, 2019, FedEx reported third quarter EPS of $3.03 on revenue of $17B, compared to forecasts of EPS of $3.08 on revenue of $17.58B.
ZTO Express Cayman earnings beat analyst's expectations on Wednesday, March 13, 2019, with first quarter EPS of $1.63 on revenue of $5.63B. Investing.com analysts expected EPS of $1.61 on revenue of $5.35B
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