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Delta Air Lines, Inc. DAL “As long as demand hangs in there, this stock will be alright,” said Jim Lebenthal who has an open position in Delta.
Delta reported weaker-than-expected earnings on Wednesday. The company said second-quarter adjusted operating revenue declined by 1% from Q1 2019 to $12.31 billion.
GAAP operating revenue was $13.82 billion, a growth of 10% from Q1 2019. Analysts expected the company to report revenues of $13.40 billion. Adjusted EPS was $1.44 below the consensus of $1.64.
Call of the day: Big Banks
Goldman Sachs Group Inc GS reports earnings on July 18
JPMorgan Chase & Co JPM reports on July 14
Morgan Stanley MS reports on July 14
SPDR S&P Biotech ETFXBI
CVS Health Corp CVS
Walt Disney Co DIS
Advanced Micro Devices, Inc. AMD
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