© Reuters. Delta Air Lines earnings fail, revenue top in fourth quarter
Investing.com – Delta Air Lines (NYSE 🙂 reported on Thursday the fourth quarter that it missed analyst forecasts and that revenue was above expectations. Delta Air Lines announced earnings per share of $ -2.53 on revenue of $ 3.97B. Analysts surveyed by Investing.com anticipated EPS of $ -2.47 on revenue of $ 3.78B. Delta Air Lines shares are up 0.6% since the beginning of the year, still 35.26% from their 52-week high of $ 62.48 set on January 17, 2020. They underperform the S&P. 500, which is up 1.43% since the start of the year. Delta Air Lines shares gained 1.36% in premarket trading following the report. Delta Air Lines follows other major transportation sector gains this month Delta Air Lines report follows earnings from FedEx on December 17, 2020, which reported EPS of $ 4.83 on revenue of $ 20.6B, compared to earnings. EPS forecast of $ 4.01 on revenue of $ 19.43B. Air France KLM SA beat expectations on January 4 with a fourth quarter EPS of $ -3.98 on revenue of $ 2.94 billion, compared to EPS forecast of $ -4.2 on revenue of $ 2.95 billion. Stay up-to-date on all upcoming earnings reports by visiting the Investing.com earnings calendar.