ATLANTA (AP) – Delta Air Lines Inc. (DAL) on Wednesday reported third-quarter net income of $1.32 billion.
The Atlanta-based company said it had profit of $1.65 per share. Earnings, adjusted for non-recurring costs, came to $1.74 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The airline posted revenue of $11.11 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $11.12 billion.
Delta shares have decreased 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has dropped almost 3 percent. The stock has climbed 54 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAL at http://www.zacks.com/ap/DAL
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Keywords: Delta Air Lines, Earnings Report, Priority Earnings