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Delta’s guidance comes up short as rising fuel costs weigh
| 07/12/2018 | Posted by BusinessMediaguide.Com under General World News |
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- Delta Air Lines beat on both the top and bottom lines.
- The airline’s earnings guidance missed Wall Street estimates as rising fuel costs weighed.
- Delta hiked its dividend 15%.
- Watch Delta Air Lines trade in real time here.
Delta Air Lines reported better-than-expected second-quarter results Wednesday morning, but guided earnings below Wall Street estimates because of rising fuel costs. Shares were up about 1% in early trading on Thursday.
The US’s number two carrier earned an adjusted $1.77 a share on record revenue of $11.8 billion. Those numbers were ahead of the respective $1.72 and $11.7 billion that Wall analysts read more >>>
Source:: BusinessInsider.Com
