Investing.com - Delta Air Lines (NYSE:DAL) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Delta Air Lines announced earnings per share of $1.44 on revenue of $13.82B. Analysts polled by Investing.com anticipated EPS of $1.65 on revenue of $12.23B.
Delta Air Lines shares are down 20.45% from the beginning of the year, still down 32.81% from its 52 week high of $46.27 set on April 21. They are under-performing the S&P 500 which is down 19.88% from the start of the year.
Delta Air Lines follows other major Industrials sector earnings this month
Delta Air Lines's report follows an earnings matched by FedEx on June 23, who reported EPS of $6.87 on revenue of $24.4B, compared to forecasts EPS of $6.87 on revenue of $24.5B.
Ashtead Gro had beat expectations on June 14 with second quarter EPS of $2.87 on revenue of $2.08B, compared to forecast for EPS of $2.7 on revenue of $1.98B.
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