Delta Airlines Reported Quarterly Earnings and AMD Released a New Graphics Card
Delta Airlines, as you can probably tell, is an airline company located in Atlanta, Georgia. They’ve gone through some turbulence (get it?) during the COVID-19 pandemic, and they have a market cap of $26.256 billion.
On Wednesday, Delta reported their third quarter earnings, and it was about as mixed as you can get. On the good side, they beat estimates and reported a quarterly profit of $0.30 per share, and their pre-tax income was higher. This was due to the surge in demand for air travel as the summer passed by and people who were vaccinated flocked in large numbers. The bad news is that they missed on revenue, but more importantly they had to cut their outlook on the next quarter due to rising fuel prices, which they estimate will lead to increased ticket prices so that they can stay afloat. Investors weighed both sides and it looks like they were worried about the bad side as Delta closed the day at $41.03, down 5.76%.
AMD is one of the most famous technology companies in the business. The Californian company manufactures semiconductors, and they have a market cap of $132.408 billion because of CEO Lisa Su and her team’s amazing work.
On Wednesday, AMD released their latest graphics card for gaming PCs. It is called the AMD Radeon RX 6600 card, and it has been heavily touted by AMD for its high quality, 1080p visuals. These cards have been in high demand as people are using computers a lot, especially for gaming, and AMD priced it at $329, which is about market price. Due to this release, AMD ended the day at $109.16, up 3.92%.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.