Delta Air Lines (DAL) reported quarterly earnings results on Thursday, Jul-14-2016. The company said it had a profit of $1.47 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.42. The company posted revenue of $10447.00 million in the period, compared to analysts expectations of $10479.70 million. The company’s revenue was down -2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.
Many Wall Street Analysts have commented on Delta Air Lines. Shares were Reiterated by Cowen on Jul 6, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $60 .
Delta Air Lines closed down -0.65 points or -1.62% at $39.56 with 1,38,85,618 shares getting traded on Wednesday. Post opening the session at $40.5, the shares hit an intraday low of $39.4202 and an intraday high of $40.6 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 19, 2016, W Gilbert West (Sr. EVP & COO) sold 12,000 shares at $44.00 per share price. According to the SEC, on May 19, 2016, Edward H Bastian (Chief Executive Officer) sold 100,000 shares at $44.11 per share price. On May 18, 2016, Richard H Anderson (Exec. Chairman of the Board) sold 912,000 shares at $43.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Delta Air Lines Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam Atlanta Detroit Los Angeles Minneapolis-St. Paul New York-LaGuardia New York-JFK Paris-Charles de Gaulle Salt Lake City Seattle and Tokyo-Narita. The Company’s segments include its Airline segment and Refinery segment. The Company’s Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.