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Earnings

Delta 2nd-quarter profit increases 17 percent, tops forecast

Delta Air Lines Inc. (DAL) on Wednesday reported earnings that climbed by 17 percent in its second quarter, and topped analysts' expectations.

The Atlanta-based company said net income increased to $801 million, or 94 cents per share, from $685 million, or 80 cents per share, in the same quarter a year ago.

Earnings, adjusted for one-time gains and costs, were $1.04 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The company said revenue climbed 9.4 percent to $10.62 billion from $9.71 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $10.59 billion, according to Zacks.

Delta Air Lines shares have risen $10.21, or 37 percent, to $37.68 since the beginning of the year, while the Standard & Poor's 500 index has increased 7.3 percent. The stock has climbed $17.23, or 84 percent, in the last 12 months.

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full DAL report: http://www.zacks.com/ap/DAL

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Keywords:Delta,Earnings Report