Delta beats on earnings

Delta Air Lines reported profits that topped estimates before the opening bell on Thursday.

The company earned $1.32 in adjusted earnings per share (EPS), and revenues of $9.25 billion.

Analysts had estimated $1.30 in adjusted EPS, and quarterly revenues of $9.26 billion, according to Bloomberg.

When Delta reported fourth-quarter earnings in January, it missed profit estimates, and forecast that passenger unit revenue would continue to drop due to currency headwinds.

Delta shares rose by as much as 3% in pre-market trading. They have gained about 11% over the past 12 months.

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