Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite gaining approximately 0.1% while the Dow decreased by 0.17% to 42,437.66 and the S&P 500 fell by 0.05% to 5,789.32 [1] Company Earnings - Delta Air Lines, Inc. reported third-quarter operating revenue growth of 1% year-over-year to $15.677 billion, surpassing the consensus estimate of $14.674 billion. However, adjusted EPS was $1.50, down 26% year-over-year, missing the consensus of $1.52 [2] Notable Stock Movements - BloomZ Inc. shares surged 73% to $1.2350 after being selected as the primary animation contractor for a new project [3] - LSB Industries, Inc. saw a 12% increase in shares to $9.31 following an upgrade from UBS analyst Joshua Spector from Neutral to Buy, with a price target raised from $9.5 to $11 [3] - Symbotic Inc. shares rose 12% to $26.10 after announcing an agreement for warehouse automation systems with Walmex [3] Declining Stocks - Gritstone bio, Inc. shares plummeted 64% to $0.0707 after announcing a voluntary Chapter 11 restructuring [4] - Indivior PLC shares fell 19% to $7.66 after providing preliminary third-quarter revenue guidance and cutting FY24 net revenue guidance below estimates [4] - 10x Genomics, Inc. shares dropped 29% to $14.87 after guiding third-quarter preliminary revenue of $151.7 million, a 1% decrease year-over-year [4] Commodities - Oil prices increased by 3.1% to $75.48, while gold rose by 0.7% to $2,644.80. Silver and copper also saw gains of 1.7% to $31.175 and 0.5% to $4.4230, respectively [5] European Market Performance - European shares declined, with the eurozone's STOXX 600 down 0.36%, Germany's DAX down 0.47%, and France's CAC 40 down 0.48% [6] Economic Indicators - U.S. initial jobless claims rose by 33,000 to 258,000 for the week ending October 5th, exceeding market estimates of 230,000 [8] - The annual inflation rate in the U.S. eased to 2.4% in September from 2.5% in August, but was above market expectations of 2.3% [8]

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For the quarter ended September 2024, Delta Air Lines (DAL) reported revenue of $15.68 billion, up 1.2% over the same period last year. EPS came in at $1.50, compared to $2.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $15.37 billion, representing a surprise of +2.00%. The company delivered an EPS surprise of -3.85%, with the consensus EPS estimate being $1.56.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Key TakeawaysShares of Delta Air Lines declined in premarket trading after the carrier's third-quarter results and fourth-quarter sales outlook came in below analysts' estimates.The carrier also confirmed costs of around $500 million following the CrowdStrike-caused global IT outage in July that resulted in 7,000 Delta flight cancellations over a five-day period.Delta posted third-quarter adjusted earnings per share (EPS) of $1.50 on revenue of $15.68 billion, and projected fourth-quarter revenue growth of ...

Delta Air Lines (DAL) came out with quarterly earnings of $1.50 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $2.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.85%. A quarter ago, it was expected that this airline would post earnings of $2.37 per share when it actually produced earnings of $2.36, delivering a surprise of -0.42%.Over the last four quarters, the company h ...

Shares of Delta Air Lines, Inc. (NYSE:DAL) are 3.3% lower before the opening bell, following the company's third-quarter earnings report. Not only did the airline giant report quarterly earnings and revenue that missed the mark, it provided a gloomy fourth-quarter revenue guidance on expectations of lower demand before and after the U.S. Presidential Election.Today's dip looks like it will cut into the stock's 26.7% year-to-date lead. After a May 13 four-year peak of $53.86, the shares cooled off in the sum ...

Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71, according to LSEG, and above the adjusted $1.28 per share it reported a year earlier.Delta shares were down more than 5% in premarket trading.Revenue will likely rise between 2% and 4% from a a year earlier, though th ...

Exhibit 99.1 1 CONTACT: Investor Relations Corporate Communications 404-715-2170 404-715-2554 InvestorRelations@delta.com Media@delta.com Delta Air Lines Announces September Quarter 2024 Financial Results Delivering industry-leading operational and financial performance year-to-date Expect record December quarter revenue and an 11% - 13% operating margin, expanding over prior year Generating strong Return on Invested Capital, exceeding cost of capital by 5 points Upgraded to investment grade credit rating b ...

Analysts on Wall Street project that Delta Air Lines (DAL) will announce quarterly earnings of $1.56 per share in its forthcoming report, representing a decline of 23.2% year over year. Revenues are projected to reach $15.78 billion, increasing 1.9% from the same quarter last year.The current level reflects an upward revision of 8.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projectio ...

After a strong start to the year, U.S. stock traders are now turning their attention to various risks, including economic concerns, uncertainties about interest rates, and election-related anxieties. The most crucial factor for the U.S. stock market this week is corporate earnings. The S&P 500 Index has surged by about 20% in 2024, adding over $8 trillion in market value, mainly driven by expectations of Federal Reserve monetary policy easing and robust profit outlooks. However, with analysts lowering expec ...