Delta Air Lines cuts EPS outlook but shares rise on positive revenue commentary By Investing.com

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<span>© Reuters. Delta Air Lines (DAL) cuts EPS outlook but shares rise on positive revenue commentary</span><br />
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<p>In the updated third quarter forecast, Delta Air Lines (NYSE:) anticipates adjusted EPS in the range of $1.85 to $2.05. This marks a revision from the previously guided range of $2.20 to $2.50 per share, while consensus stood at $2.32.</p>
<p>For the full year, Air maintains its projection for adjusted EPS to be between $6 and $7. The consensus estimate for full-year adjusted EPS stood at $6.58.</p>
<p>Delta Air also foresees a capacity growth of 16% for Q3, while the expected fuel price per gallon is estimated to be in the range of $2.75 to $2.90.</p>
<p>The company has adjusted its guidance for total revenue to now fall within the upper half of the previously forecasted +11-14% range.</p>
<p>DAL stock rose 2.2% on the news.</p>
<p>An estimated operating margin of about 13% is anticipated for the third quarter.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/delta-air-lines-cuts-eps-outlook-but-shares-rise-on-positive-revenue-commentary-432SI-3174536">Source link </a></p><p>The post <a href="https://forextraderhub.com/delta-air-lines-cuts-eps-outlook-but-shares-rise-on-positive-revenue-commentary-by-investing-com.html">Delta Air Lines cuts EPS outlook but shares rise on positive revenue commentary By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>