Delta Air Lines Earnings, Revenue Beat in Q1 By Investing.com

© Reuters. Delta Air Lines Earnings, Revenue Beat in Q1

Investing.com – Delta Air Lines (NYSE:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.

Delta Air Lines announced earnings per share of $-1.23 on revenue of $9.35B. Analysts polled by Investing.com anticipated EPS of $-1.33 on revenue of $8.74B.

Delta Air Lines shares are down 1.18% from the beginning of the year, still down 21.98% from its 52 week high of $49.50 set on April 14, 2021. They are outperforming the S&P 500 which is down 7.74% 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 missed by FedEx on March 17, who reported EPS of $4.59 on revenue of $23.6B, compared to forecasts EPS of $4.65 on revenue of $23.41B.

Cintas had beat expectations on March 23 with third quarter EPS of $2.69 on revenue of $1.96B, compared to forecast for EPS of $2.44 on revenue of $1.91B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar