SLNH - Crude Oil Moves Lower; Delta Air Lines Earnings Beat Expectations | Benzinga
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 100 points on Thursday.
The Dow traded down 0.75% to 33,551.73 while the NASDAQ fell 0.84% to 13,544.58. The S&P 500 also fell, dropping, 0.81% to 4,341.40.
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Leading and Lagging Sectors
Energy shares fell by just 0.1% on Thursday.
In trading on Thursday, utilities shares dipped by 2%.
Top Headline
Delta Air Lines Inc (NYSE: DAL) reported better-than-expected earnings for its third quarter on Thursday.
Delta Air Lines reported quarterly adjusted operating revenue growth of 13% Y/Y to $14.55 billion and operating revenue of $15.49 billion, beating the consensus of $14.54 billion. Adjusted EPS was $2.03 above the consensus of $1.94.
Delta Air revised adjusted EPS to $6.00 - $6.25 (prior $6-$7) versus $6.04 estimate and expects revenue growth of ~20% (prior +17%-20%); adjusted operating margin of ~11.5% (vs. greater than 12% prior) and, and FCF of $2 billion(vs.more than $3 billion prior).
Equities Trading UP
Secoo Holding Limited (NASDAQ: SECO) shares shot up 409% to $1.63 on heavy trading volume. Secoo Holding Ltd. operates online and offline shopping platforms in China, cooperating with brand boutiques such as Versace.
Shares of OpGen, Inc. (NASDAQ: OPGN) got a boost, shooting 272% to $1.25 following ...