Investing.com - Delta Air Lines (NYSE:DAL) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Delta Air Lines announced earnings per share of $0.3 on revenue of $9.15B. Analysts polled by Investing.com anticipated EPS of $0.1614 on revenue of $8.41B.
Delta Air Lines shares are up 8.28% from the beginning of the year, still down 16.72% from its 52 week high of $52.28 set on March 15. They are under-performing the S&P 500 which is up 15.83% from the start of the year.
Delta Air Lines shares lost 0.78% in pre-market trade following the report.
Delta Air Lines follows other major Transportation sector earnings this month
Delta Air Lines's report follows an earnings missed by FedEx on September 21, who reported EPS of $4.37 on revenue of $22B, compared to forecasts EPS of $4.88 on revenue of $21.93B.
Carnival ADS had missed expectations on September 30 with third quarter EPS of $-1.75 on revenue of $546M, compared to forecast for EPS of $-1.55 on revenue of $670.38M.
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