Delta Tops Q4 Earnings Estimate, But Softer Guidance Sends Shares Lower
Delta Airlines Group (DAL - Get Report) posted stronger-than-expected fourth quarters Tuesday, but forecast disappointing guidance for the first three months of the year.
Delta said earnings for the three months ending in December came in at $1.30 per share, up 42% from the same period last year and 3 cents ahead of the Street consensus. Group revenues, Delta said, rose 7.5% to $10.7 billion, a figure that narrowly missed analysts' forecasts. Delta said it sees first quarter earnings of between 70 and 90 cents a share, however, and an adjusted total revenue per available seat mile, or TRASM, growth rate of 2%, both of which misses market estimates.
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https://www.thestreet.com/investing/earn...yptr=yahoo
Delta Airlines Group (DAL - Get Report) posted stronger-than-expected fourth quarters Tuesday, but forecast disappointing guidance for the first three months of the year.
Delta said earnings for the three months ending in December came in at $1.30 per share, up 42% from the same period last year and 3 cents ahead of the Street consensus. Group revenues, Delta said, rose 7.5% to $10.7 billion, a figure that narrowly missed analysts' forecasts. Delta said it sees first quarter earnings of between 70 and 90 cents a share, however, and an adjusted total revenue per available seat mile, or TRASM, growth rate of 2%, both of which misses market estimates.
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https://www.thestreet.com/investing/earn...yptr=yahoo
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