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Cargill profit more than doubles on higher beef demand
4 monthes ago - By Reuters
Cargill Inc reported a quarterly profit on Thursday that more than doubled, boosted by higher demand for beef, even as the global commodities trader wrestled with worries over a trade war between the U.S. and China.
Read more ...Delta cuts 2018 forecast on higher fuel costs, profit beats estimates
4 monthes ago - By Reuters
Delta Air Lines Inc slashed its full-year earnings forecast on Thursday as fuel costs in the second quarter surged 38.8 percent and the company said it expected $2 billion spike in its fuel bill in 2018.
Read more ...Delta's guidance comes up short as rising fuel costs weigh
4 monthes ago - By Business Insider
Delta Air Lines beat on both the top and bottom lines.
The airline's third-quarter and full-year earnings guidance missed Wall Street estimates as rising fuel costs weighed.
Delta hiked its dividend 15%.
Watch Delta Air Lines trade in real time here .
Delta Air Lines reported better-than-expected second-quarter results Wednesday morning, but guided both third-quarter and full-year earnings below Wall Street estimates because of rising fuel costs. Shares were up about 1% in early trading on Thursday.
The US's number two carrier earned an adjusted $1.77 a share on record revenue of $11.8...
Read more ...Strong 2Q at Delta, but spiraling fuel costs ping outlook
4 monthes ago - By Chron
ATLANTA - Delta is topping most profit expectations for the second-quarter, but it's slashing its outlook for the year, citing a $2 billion spike in fuel costs.
The Atlanta carrier on Thursday reported net income of $1.02 billion, or $1.47 per share. Adjusted per-share earnings were $1.77, which, according to a survey by Zacks Investment Research, is a nickel better than Wall Street expected.
That's still down from last year and again, the company cited soaring fuel costs.
Revenue of $11.78 billion also beat projections.
Delta Air Lines Inc. expects full-year earnings of $5.35 to $5.70 per...
Read more ...Delta slashes 2018 forecast, quarterly profit drops
4 monthes ago - By Reuters
Delta Air Lines Inc reported a 13.6 percent drop in quarterly profit on Thursday as its operating expenses swelled due to a 38.8 percent jump in fuel costs.
Read more ...
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