Delta beats 1Q profit forecasts
ATLANTA (AP) — Delta Air Lines Inc. (DAL) on Thursday reported first-quarter profit of $946 million.
On a per-share basis, the Atlanta-based company said it had net income of $1.21. Earnings, adjusted for non-recurring costs, were $1.32 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The airline posted revenue of $9.25 billion in the period.
Delta shares have fallen 5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 2 percent. The stock has risen 12 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAL at http://www.zacks.com/ap/DAL
Keywords: Delta Air Lines, Earnings Report, Priority Earnings