Delta Air Lines Q4 Adj EPS $1.28 Beats $1.17 Estimate, Sales $14.22B Beat $13.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Delta Air Lines (NYSE:DAL) reported Q4 adjusted EPS of $1.28, surpassing the $1.17 estimate, and sales of $14.22B, exceeding the $13.52B estimate. However, this EPS represents a 13.51% decrease from the same period last year, while sales saw a 5.87% increase from the previous year.
January 12, 2024 | 11:31 am
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Delta Air Lines reported higher-than-expected Q4 earnings and sales, but experienced a decrease in EPS compared to last year.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in Delta's stock price. However, the year-over-year decrease in EPS might temper some of the positive sentiment, but the overall impact is expected to be positive given the strong sales performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100