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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The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month-end please visit www.usglobaletfs.com
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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.