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.

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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

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Keywords: Delta Air Lines, Earnings Report, Priority Earnings