Earnings from Delta Air Lines released today before the stock markets opened disappointed investors prompting selling in the stock.
Average estimates had revenue of $11 billion for the quarter. Delta posted revenue of $10.79 billion which was an increase of $390 million over the same quarter last year. Per share estimates were $1.76 a share. Instead earnings came in at $1.64 a share which was lower than the $170 earned for the same period last year.
I have a number of trades in Delta stock setup using the Trade Ahead Of Earnings Strategy. Here is how they are being handled this morning as I work toward reducing the amount of capital at risk of loss. This article also includes trade updates and outlines for future trades in Delta Stock following their earnings release from today.
This trade alert and strategy discussion on Delta Air Lines Stock (DAL) is for FullyInformed Members.
Delta Air Lines Stock Drops After Missing Earnings Estimates – July 13 2017
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
