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DAILY EARNINGS

Commerce Bancshares Net Soars; Delta Air Lines Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 6:35 AM ET July 13 2017

12:00 PM New York Commerce Bancshares second-quarter net soared 10.7% to $76.7 million. Delta Air Lines second-quarter net tumbled 21% to $1.2 billion but revenues jumped 3.3% from a year ago to $10.8 billion.

Tollbooth Index increased 65.50 or 0.5% to 12,248.30.

Earnings Review

Commerce Bancshares, Inc (CBSH) increased 1.4% 76 cents to $57 after the financial services provider said total revenues in the second-quarter ending in June advanced 3.6% from a year ago to $305.9 million.

Net income in the quarter soared 10.7% to $76.7 million or 75 cents per diluted share from $69.3 million or 68 cents in the same quarter last year.

Delta Air Lines, Inc (DAL) slipped 1.5% or 83 cents to $54.65 after the passengers and cargo services provider said total revenues in the second-quarter ending in June jumped 3.3% from a year ago to $10.8 billion.

Net income in the quarter tumbled 21% to $1.2 billion or $1.68 per diluted share from $1.5 billion or $2.03 in the same quarter last year.

Passenger unit revenues increased 2.5% and cargo revenue jumped 11%.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc