Delta Air, Sysco and an Industrial Stock
On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE:DAL) as his final trade.
On Oct. 10, Delta Air Lines reported mixed third-quarter results. Delta reported third-quarter operating revenue growth of 1% year-over-year to $15.677 billion, beating the consensus of $14.674 billion. Adjusted operating revenue was $14.594 billion (almost flat YoY). Adjusted average fuel price of $2.53 per gallon, down 9% from last year’s quarter. Adjusted EPS was $1.50 (-26% YoY), missing the consensus of $1.52.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC named Sysco Corporation (NYSE:SYY).
Sysco is scheduled to host a conference call and webcast to discuss its first quarter fiscal year 2025 financial results on Tuesday, Oct. 29. Analysts expect the company to report quarterly earnings at $1.13 per share, up from $1.07 per share in the year-ago period. The company projects to report quarterly revenue of $20.47 billion.
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Stephen L. Weiss of Short Hills Capital Partners named GXO Logistics, Inc. (NYSE:GXO).
On Oct. 9, Citigroup analyst Ariel Rosa initiated coverage on GXO Logistics with a Buy rating and announced a price target of $60.
Price Action:
- Delta Air gained 2.1% to close at $51.33 during Friday’s session.
- Sysco shares rose 0.8% to settle at $74.42 on Friday.
- GXO Logistics shares gained 6.7% to settle at $61.98 on Friday.
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