BUSINESS

Airlines and Chemicals Report Quarterly Results, Beat Estimates

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Atlanta — Delta Air Lines reported a $289 million loss in its first quarter on Wednesday, saying adjusted earnings were $0.64 per share and revenue totaled $15.85 billion, exceeding Zacks estimates; in Medina, Ohio, RPM International reported fiscal third-quarter profit of $51.4 million and $1.61 billion in revenue. This week both companies noted adjusted results topped analysts’ estimates, prompting revised investor expectations; Delta provided EPS guidance of $1.00 to $1.50 for the quarter ending in June, and market watchers will monitor upcoming reports and analyst updates in the days ahead.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Companies prepared quarterly financial results and submitted data to Zacks and company filings.
Automated Insights generated standardized AP earnings snapshots using Zacks data.
On Wednesday, Delta announced a $289 million Q1 loss with adjusted EPS $0.64 and revenue $15.85 billion.
On Wednesday, RPM announced fiscal Q3 profit $51.4 million and revenue $1.61 billion.
Local outlets published AP/Zacks summaries and markets assessed guidance and analyst commentary.

Why This Matters to You

These financial results impact your wallet. If you own stock in Delta or RPM, your investment's value could change. Even if you don't, these companies' health affects jobs and the economy. Check your portfolio and stay updated with market news.

The Bottom Line

Despite losses, Delta and RPM beat estimates, showing resilience. Delta's guidance for the next quarter is optimistic. This is a reminder that even in tough times, companies can surprise us. Worth forwarding if you know someone interested in investing.