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Delta (DAL) Beats on Q3 Earnings, Stock Down on Dull Q4 View
Delta Air Lines DAL, which kick-started the third-quarter 2019 earnings season in the airline space, reported earnings per share (excluding 1 cent from non-recurring items) of $2.32 per share, which surpassed the Zacks Consensus Estimate by 5 cents. The bottom line also improved 28.9% on a year-over- year basis mainly due to low fuel costs.
Despite the earnings beat, the stock declined in pre-market trading on account of bearish guidance for fourth-quarter 2019. Delta expects fourth-quarter earnings between $1.20 and $1.50 per share. The mid-point of the guided range ($1.35 per share) is below the Zacks Consensus Estimate of $1.50.
Operating revenues in the quarter under review came in at $12,560 million, marginally missing the Zacks Consensus Estimate. However, the top line increased on a year-over-year basis.
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https://finance.yahoo.com/news/delta-dal...03209.html
![[Bild: DALc1dl1413.png]](https://finviz.com/publish/101019/DALc1dl1413.png)
Delta Air Lines DAL, which kick-started the third-quarter 2019 earnings season in the airline space, reported earnings per share (excluding 1 cent from non-recurring items) of $2.32 per share, which surpassed the Zacks Consensus Estimate by 5 cents. The bottom line also improved 28.9% on a year-over- year basis mainly due to low fuel costs.
Despite the earnings beat, the stock declined in pre-market trading on account of bearish guidance for fourth-quarter 2019. Delta expects fourth-quarter earnings between $1.20 and $1.50 per share. The mid-point of the guided range ($1.35 per share) is below the Zacks Consensus Estimate of $1.50.
Operating revenues in the quarter under review came in at $12,560 million, marginally missing the Zacks Consensus Estimate. However, the top line increased on a year-over-year basis.
...
https://finance.yahoo.com/news/delta-dal...03209.html
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