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Delta Air Lines Stock Drops After Missing Earnings Estimates – Here’s The Outlook and Trade Updates – July 13 2017

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...