Morning Earnings Roundup: Delta Takes Flight


An impressive round of morning earnings has the market advancing for a third straight day.

Stocks were up close to a percent this morning as several companies exceeded their quarterly expectations. Those earnings reports are a mere appetizer for this afternoon's Apple ( AAPL ) earnings main course. For now, though, they are giving stocks an extra jolt of energy.

Here's who reported earnings this morning - and how they fared:

  • Delta Air Lines ( DAL ): January through March is traditionally the weakest season for airlines, but Delta filled more seats than expected in the first quarter. The Atlanta-based airline earned 10 cents a share, excluding items - ahead of Street estimates of 6 cents a share. The earnings beat is sending Delta shares sky-high - the stock is up 9% as of 11:25 ET this morning.
  • US Airways' ( LCC ) earnings also came in higher than expected. The company reported a profit of 31 cents a share vs. analyst estimates of 28 cents a share. The earnings beat has US Air shares up 5.3% in early trading.
  • Travelers ( TRV ): Shares of the insurance giant are getting a double boost after the company not only topped earnings expectations but also increased its dividend. First-quarter profits improved 11% over a year ago and outpaced analyst estimates by 14%. A dividend increase from 46 cents a share to 50 cents a share also appealed to investors, pushing the stock up 2.4% today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: AAPL , DAL , LCC , TRV

Wyatt Investment Research

Wyatt Investment Research

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