Delta(US:DAL) Benzingaยท2024-10-10 16:04Market 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]