Delta Air Lines (DAL) beat forecasts by a nickel, posting earnings at $1.77 per share in the second quarter, reports ETF Trends. Its second quarter revenue of $11.78 billion also exceeded the $11.73 billion consensus estimate. While the margin was not wide, this outperformance came despite numerous setbacks, like rising fuel prices.
The U.S. Global Jets ETF (JETS) has a 11.73 percent weighting in Delta as of July 13, 2018.
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ETF Trends publisher Tom Lydon is on the board of U.S. Global Investors.
Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund’s alpha.
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.
Earnings per Share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company’s profitability.