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Biggest Earnings Beats

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This list tracks the largest earnings beats for companies recently reporting earnings. This list is produced daily using the real-time earnings results reported by Selerity and limited to the top 30 stocks that meet the criteria.

2 symbols

Simply Wall St.
Delta Air Lines, Inc. (NYSE:DAL) Is Yielding 3.0% - But Is It A Buy?
Could Delta Air Lines, Inc. (NYSE:DAL) be an attractive dividend share to own for the long haul? Investors are often...
Zacks
Airlines Poised As A Buy Following Delta's Earnings Release
Historically, the fourth quarter produces the strongest returns for airline stocks with an average gain of 8% since 1990.
Zacks
Fastenal (FAST) Stock Gains on Q3 Earnings and Sales Beat
Notable contribution from industrial vending and Onsite locations helps Fastenal (FAST) to post better-than-expected Q3 earnings.
Zacks
Stock Market News For Oct 11, 2019
Benchmarks closed higher on Thursday as President Trump said he would meet China's Vice Premier at the White House to settle trade disputes.
Bloomberg
Manufacturing Soft Landing? Dare to Dream
(Bloomberg Opinion) -- Maybe things aren’t so dire in manufacturing after all. At least not yet. Fastenal Co., a distributor of factory-floor basics, unofficially kicked off industrial earnings season on Friday and the numbers were better than analysts had expected on all major fronts, including overall revenue and gross margin. That fueled a pop of as much as 10% in Fastenal shares in early trading that probably also had something to do with the heavy short interest that accumulated in the stock heading into the earnings release. Fastenal’s better-than-feared results likely also contributed to a pre-market rally in the XLI Industrial Select Sector SPDR fund as investors rethought their expectations for a truly ugly batch of third-quarter industrial earnings.It’s encouraging that Fastenal’s earnings were as resilient as they were in the wake of data from the Institute for Supply Management that showed U.S. factory activity had slowed to the weakest level since 2009 in September. Fastenal reported a 6.1% increase in daily sales in the third quarter, a slowdown from the previous period but not the kind of number you’d expect if the industrial economy was going through the sort of contraction indicated by the ISM data. That’s likely to draw bigger questions about the extent to which a U.S. labor strike at General Motors Co. may have affected the data. The strike is approaching the one-month mark and is having ripple effects as suppliers pile up unneeded inventory. GM’s cross-border supply chains have forced the company to stop work even at some plants in Mexico and Canada.All that being said, it’s clear from Fastenal’s results that the manufacturing slowdown is real, and it’s deepening. While the company’s daily sales grew 5.8% in September, that’s a deceleration from August and July and the weakest monthly pace since January 2017, when manufacturers were emerging from the so-called industrial recession spurred by slumping oil prices. Among Fastenal’s top 100 national accounts, just 58% were growing in September, compared with 88% in January.Fastenal also noted that because of slower economic activity, customers are hitting the pause button on orders for its vending machines that dispense industrial parts, lengthening the sales cycle. Fastenal has made embedded services like vending machines and onsite sales teams the linchpin of its growth strategy as it and other distributors fend off incursions by Amazon.com Inc. Fastenal now expects to sign customers up for about 22,000 vending machines in 2019, down from its previous goal of 23,000 to 25,000.Fastenal’s numbers suggest we may still be on track for the sort of soft landing investors and analysts had been modeling for the manufacturing industry before the ISM numbers blew up that analysis. But make no mistake: the industrial economy is still moving in the wrong direction.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Zacks
Fastenal (FAST) Q3 Earnings and Revenues Surpass Estimates
Fastenal (FAST) delivered earnings and revenue surprises of 5.71% and 0.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Investing.com
Fastenal Earnings, Revenue Beat in Q3
Investing.com - Fastenal (NASDAQ:FAST) reported third quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
Market Realist
Delta Air Lines from Windfall to Skyfall?
Delta Air Lines (DAL) reported an EPS of $2.32 in Q3, beating the expectation of $2.26, but the stock opened 3.7% lower on weak Q4 guidance
Zacks
Delta (DAL) Q3 Earnings: Shares Down on High Costs & Weak Guidance
Delta (DAL) reported their third quarter fiscal 2019 results Thursday before the opening bell.
Zacks
Stocks Jump on Trump Trade Tweet, Q3 Earnings and Buy Marijuana Stocks - Free Lunch
U.S.-China trade war updates, including President Trump's tweet that helped U.S. stocks climb Thursday. A look at the ongoing fight between the NBA and China, some Q3 earnings results next week, and why marijuana stock Cronos looks like a buy - Free Lunch
Market Realist
Delta Beats Q3 Estimates, Shares Fall on Revenue Miss
Delta Air Lines (DAL) reported mixed third-quarter results this morning. Its earnings beat analysts’ consensus estimate, but its revenue missed.
Zacks
Delta (DAL) Beats on Q3 Earnings, Stock Down on Dull Q4 View
Delta's (DAL) third-quarter 2019 revenues improve year over year due to strong demand for air travel.
Bloomberg
Boeing Finds Itself in a Fresh Pickle
(Bloomberg Opinion) -- Stick a pickle fork in Boeing Co.’s hopes of getting past its 737 drama anytime soon.The Federal Aviation Administration has required urgent inspections of certain 737 Next Generation planes — the predecessor to the troubled 737 Max — after Boeing reported cracks in a part called the “pickle fork” on jets being overhauled in China. The pickle fork helps attach the wings to the fuselage, or the main body of the plane; crack inspections have focused first on the most heavily used NG planes. So far, 686 have been inspected, and 36 of them — or more than 5% — have signs of cracking, according to Boeing. That’s less than 1% of Boeing’s total 737 NG fleet, when you take into account newer jets with fewer miles on them that will be monitored over time. But the pickle fork is meant to last the lifetime of the plane, so whether it’s 5% or 1% of planes cracking, that’s too many.This issue is easier and quicker to fix than the 737 Max’s software system. Boeing is setting up a repair station in Victorville, California, and expects the repairs to take two to three weeks per plane, a person familiar with the matter told Bloomberg News. And while modern planes are extraordinarily safe, they aren’t perfect; these snafus do happen, particularly with older, heavily used aircraft. They’re generally not a huge problem. What makes this different is the 737 Max, which remains grounded while Boeing works on a fix for a software system blamed for two fatal crashes. Every issue with a Boeing plane captures the public attention in ways that it didn’t used to. Rightly or wrongly, the idea that an aircraft part meant to keep the wings attached to the plane could have design gaps just adds to the perception that Boeing’s aircraft development process wasn’t as rigorous as it should have been.The reason this matters is that eventually Boeing is going to have to convince the flying public to board the Max again. It’s a task made that much harder by the prevalence of social media and travel sites like Kayak.com, which added a filter in the wake of the second Max crash to allow travelers to exclude certain aircraft types from their searches. Boeing will have some more time to work out its marketing message: American Airlines Group Inc. this week said it doesn’t expect the Max to fly as part of its fleet until Jan. 15, abandoning hope that the jet would be back in service in time for the all-important holiday travel season. The other question is what sort of airline market the 737 Max will face when it returns. The International Air Transport Association said Thursday that global passenger traffic grew 3.8% in August, better than July but a slowdown from the past few years. Meanwhile, Delta Air Lines Inc. warned on Thursday that its fourth-quarter profit will likely fall short of analysts’ expectations as it ramps up hiring to hold on to market share it’s gained from the Max fallout.Delta doesn’t fly the Max, so it’s been able to pick up passengers from the likes of American Air Lines and Southwest Airlines Co., which do. The company has paid out record overtime to its pilots to help handle that spillover traffic, according to Reuters. CEO Ed Bastian told the Wall Street Journal he doesn’t want to keep squeezing his employees like that and will add more pilots, flight attendants and ground staff over the next year. This increased spending will collide with a weakening of airlines’ pricing power as the 737 Max’s return increases the supply of available seats, raising the question of how eager U.S. operators will be to add even more capacity over the coming years.Getting the Max back in the air is Boeing’s most pressing task, but the plane will be flying in uncertain skies. To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Zacks
Delta Air Lines (DAL) Q3 Earnings Surpass Estimates
Delta (DAL) delivered earnings and revenue surprises of 2.20% and -0.38%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Investing.com
Stocks - Delta, PG&E Fall Premarket; Apple Gains
Investing.com - Stocks in focus in premarket trading on Thursday:
Investing.com
Top 5 Things to Know in the Market on Thursday
Investing.com -- Trade talks between the U.S. and China resume, while Turkey sends its troops into northern Syria to purge its border of Kurdish fighters. Elsewhere, OPEC has its say on the outlook for the oil market and the U.K. economy looks set to avoid recession as a "Hard Brexit" looms. Here's what you need to know in financial markets on Thursday, 10th October.
Financial Times
Delta Air Lines confident about US demand after earnings soar
Net income for the three months to September 30, adjusted for swings in the value of Delta’s stakes in international airlines, rose 21.5 per cent to $1.51bn, lifting adjusted earnings per share 29 per cent to $2.32. “We see growth in demand for air travel, and particularly for Delta, like nothing we’ve seen in a very long time,” Ed Bastian, chief executive, told the Financial Times.
Yahoo Finance
China trade talks – What to know in markets Thursday
High-level trade talks between U.S. and Chinese negotiators are slated to resume in Washington, D.C., on Thursday, providing an opportunity for both sides to make progress on a deal before the next tranche of tariffs on Chinese imports take effect.
Investing.com
Day Ahead: Top 3 Things to Watch
Investing.com – Here's a preview of the top 3 things that could rock markets tomorrow.
Market Realist
Southwest Pilots Are Suing Boeing: Will Others Follow?
On October 8, Southwest Airlines Pilot Association, also known as SWAPA, announced that it was suing Boeing for loss of income and breach of trust.
Zacks
Will Margin Woes Hurt Fastenal's (FAST) Earnings in Q3?
Continuous growth in core product offerings is likely to aid Fastenal's (FAST) Q3 revenues. However, unfavorable product and customer mix, and inflation are expected to affect its earnings.
Zacks
Stocks Fall on U.S. Blacklist, China & the NBA and Buy Roku - Free Lunch
A look at the new U.S. blacklist on nearly 30 Chinese companies and how it might impact the upcoming trade talks. A dive into the dispute between the NBA and China, marijuana stocks, and why Roku is a Zacks Rank 1 (Strong Buy) - Free Lunch
Market Realist
Delta Air Lines: Will Its Q3 Earnings Keep Its Streak Alive?
Delta Air Lines (DAL) could register strong year-over-year growth in its Q3 earnings, mainly driven by higher revenues and moderate fuel costs.
Zacks
Here's Why Southwest Shares Ascend More Than 16% in 9 Months
Higher passenger revenues on the back of solid demand boost Southwest's (LUV) performance. The carrier's measures to add shareholder value are also encouraging.
Zacks
The Zacks Analyst Blog Highlights: Delta Air Lines, Alaska Air, United Airlines and Southwest Airlines
The Zacks Analyst Blog Highlights: Delta Air Lines, Alaska Air, United Airlines and Southwest Airlines