Stock slides as Delta adjusts future earnings expectations

  • Delta Airlines reports Q4 profit of $2.04 billion, almost double from the previous year
  • Adjusted earnings per share beat expectations at $1.28
  • Revenue increases by 6% to $14.2 billion
  • Delta’s stock falls 5.1% due to lowered earnings guidance
  • 2024 earnings guidance lowered to $6-7 per share

Delta Airlines reported a strong fourth-quarter performance, with net income of $2.04 billion, almost double from the previous year. Adjusted earnings per share came in at $1.28, beating expectations. Revenue also increased by 6% to $14.2 billion. However, despite the positive results, Delta’s stock fell 5.1% in premarket trades due to the company’s lowered earnings guidance. For 2024, Delta expects earnings of $6 to $7 per share, below the previously outlined target of over $7 per share. This adjustment in earnings guidance has impacted investor sentiment and led to the decline in stock price.

Public Companies: Delta Airlines Inc. (DAL)
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Factuality Level: 7
Justification: The article provides specific financial information about Delta Airlines’ fourth-quarter results, including net income, adjusted earnings per share, and revenue. It also mentions that the company’s stock was falling in premarket trades due to lowered earnings guidance. The information is based on reported financial data and compares it to previous periods and analyst expectations. However, the article does not provide any additional context or analysis, and it does not address any potential biases or limitations in the data or reporting.

Noise Level: 3
Justification: The article provides a straightforward report on Delta Airlines’ fourth-quarter results, including the top- and bottom-line beat. It mentions the stock falling due to lowered earnings guidance and provides the financial figures for net income, adjusted earnings per share, and revenue. The article also mentions analysts’ expectations and Delta’s earnings guidance for 2024. Overall, the article stays on topic and provides relevant information without excessive noise or filler content.

Financial Relevance: Yes
Financial Markets Impacted: Delta Airlines Inc. stock

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Delta Airlines’ fourth-quarter results and its impact on the company’s stock. However, there is no mention of an extreme event.

Reported publicly: www.marketwatch.com