3 Reasons to Love Delta Air Lines' Q2 Earnings Report
This week, Delta Air Lines (NYSE: DAL) reported second-quarter results that fell just short of the company's most recent guidance on several metrics. Investors punished the stock in response, sending it down by more than 4% on Wednesday.
However, that earnings report was much better than it may have seemed to many investors. And with Delta Air Lines trading near a 52-week low, the stock looks like a great buying opportunity.
Delta Air Lines reported adjusted revenue of $12.3 billion for the second quarter. That beat its initial quarterly forecast, but fell short of its most recent guidance by about 1%. Moreover, Delta posted an adjusted operating margin of 11.7%, missing its updated guidance range of 13% to 14%. As a result, adjusted earnings per share came in at $1.44, roughly 16% below the average analyst estimate.
Source Fool.com
