Why Delta Air Lines (DAL) Stock Is Climbing Today?
NEW YORK (TheStreet) -- Delta Air Lines
The company's profits rose by 17% in the quarter to $801 million, or $1.04 per diluted share, 1 cent better than analysts expectations.
The airline also posted a 9.4% increase in quarterly revenue over the previous year to $10.62 billion, slightly ahead of analysts $10.59 billion expectations.
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Delta shares are up 1.2% to $38.16 in early market trading today.
TheStreet Ratings team rates DELTA AIR LINES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DELTA AIR LINES INC (DAL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, solid stock price performance, compelling growth in net income and revenue growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
DAL data by YCharts
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