Well, matter enough for Jim Cramer to make the stock Real Money's stock of the day. Cramer breaks down why he chose the stock over JPMorgan Chase (JPM) - Get Report , a holding in Cramer's Action Alerts Plus portfolio.
Delta reported earnings before the bell Tuesday, Jan. 15.
TheStreet's London Bureau Chief, Martin Baccardax reported on the earnings.
Delta posted stronger-than-expected fourth quarters Tuesday, but forecast disappoint guidance for the first three months of the year, sending shares lower in pre-market trading.
Delta said earnings for the three months ending in December came in at $1.30 per share, up 42% from the same period last year and 3 cents ahead of the Street consensus. Group revenues, Delta said, rose 7.5% to $10.7 billion, a figure that narrowly missed analysts' forecasts. Delta said it sees first quarter earnings of between 70 and 90 cents a share, however, and an adjusted total revenue per available seat mile, or TRASM, growth rate of 2%, both of which misses market estimates.
"2018 was a successful year for Delta with record operational reliability, increasing customer satisfaction, and solid financial results in the face of higher fuel costs. Delta people are the foundation of our success and I am honored to recognize their efforts with $1.3 billion in profit sharing for 2018," said CEO Ed Bastian. "As we move into 2019, we expect to drive double-digit earnings growth through higher revenues, maintaining a cost trajectory below inflation, and the modest benefit from lower fuel costs. Margin expansion."
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