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Delta Air Lines Reports Q4 Results, Joins United Airlines, American Airlines And Other Big Stocks Moving Lower On Friday

Published 12/01/2024, 15:39
Updated 12/01/2024, 16:40
© Reuters. Delta Air Lines Reports Q4 Results, Joins United Airlines, American Airlines And Other Big Stocks Moving Lower On Friday

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stocks traded mostly lower, with the Dow Jones index falling around 150 points on Friday.

Shares of Delta Air Lines, Inc. (NYSE: DAL) fell sharply during Friday’s session after the company reported fourth-quarter financial results and issued guidance.

Delta Air reported a fourth-quarter FY23 operating revenue growth of 5.9% year-over-year to $14.22 billion and adjusted operating revenue of $13.66 billion (+11.1% Y/Y), beating the consensus of $13.52 billion. Adjusted EPS was $1.28 above the consensus of $1.17.

Delta Air Lines shares dipped 7.9% to $38.92 on Friday.

Here are some other big stocks recording losses in today’s session.

  • Nukkleus Inc. (NASDAQ: NUKK) shares tumbled 22.4% to $1.6604.
  • Bitdeer Technologies Group (NASDAQ: BTDR) fell 13.7% to $6.20.
  • TeraWulf Inc. (NASDAQ: WULF) shares fell 12.2% to $1.68.
  • Hut 8 Corp. (NASDAQ: HUT) dipped 11.2% to $9.98. Hut 8 unveiled $65 million amended and restated credit facility with Coinbase.
  • Iris Energy Limited (NASDAQ: IREN) fell 10.9% to $5.38.
  • Jin Medical International Ltd. (NASDAQ: ZJYL) shares fell 10.6% to $69.13.
  • Marathon Digital Holdings, Inc. (NASDAQ: MARA) fell 10.3% to $20.08.
  • Cognyte Software Ltd. (NASDAQ: CGNT) fell 8.6% to $5.87.
  • CleanSpark, Inc. (NASDAQ: CLSK) declined 8.6% to $8.47.
  • United Airlines Holdings, Inc. (NASDAQ: UAL) dipped 8.6% to $40.70 in sympathy with Delta, which dropped after reporting quarterly results and issuing 2024 guidance.
  • American Airlines Group Inc. (NASDAQ: AAL) tumbled 8% to $13.42 in sympathy with Delta, which dropped after reporting quarterly results and issuing 2024 guidance.
  • Riot Platforms, Inc. (NASDAQ: RIOT) fell 7.7% to $12.09.
  • Wheels Up Experience Inc. (NYSE: UP) fell 7.4% to $4.0550.
  • QuantumScape Corporation (NYSE: QS) declined 7.3% to $7.51.
  • Grifols, S.A. (NASDAQ: GRFS) shares declined 6.7% to $7.43 after declining around 14% on Thursday.
  • Alaska Air Group, Inc. (NYSE: ALK) fell 5.4% to $34.99.
  • Southwest Airlines Co. (NYSE: LUV) dipped 5.1% to $28.32 in sympathy with Delta, which dropped after reporting quarterly results and issuing 2024 guidance.
  • Bank of America Corporation (NYSE: BAC) fell 1.6% to $32.60 following quarterly results.
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Now Read This: US Stocks Higher; Producer Prices Fall In December/em>

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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