Delta Air Lines Inc reports $1.26B third quarter profit

FILE - In this Monday, Aug. 8, 2016, file photo, Delta Air Lines planes are parked at Ronald Reagan Washington National Airport, in Washington. Delta Air Lines reports financial results Thursday, Oct. 13, 2016. (AP Photo/Carolyn Kaster, File)
FILE - In this Monday, Aug. 8, 2016, file photo, Delta Air Lines planes are parked at Ronald Reagan Washington National Airport, in Washington. Delta Air Lines reports financial results Thursday, Oct. 13, 2016. (AP Photo/Carolyn Kaster, File)

ATLANTA (AP) – Delta Air Lines Inc. (DAL) on Thursday reported third-quarter profit of $1.26 billion.

On a per-share basis, the Atlanta-based company said it had profit of $1.69. Earnings, adjusted for non-recurring costs, came to $1.70 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.

The airline posted revenue of $10.48 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $10.59 billion.

Delta shares have declined 23 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen roughly 5 percent. The stock has declined 19 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAL at http://www.zacks.com/ap/DAL

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