U.S. stocks traded mostly lower, with the Dow Jones index falling around 150 points on Friday.
Shares of Delta Air Lines, Inc. DAL fell sharply during Friday’s session after the company reported fourth-quarter financial results and issued guidance.
Delta Air reported a fourth-quarter FY23 operating revenue growth of 5.9% year-over-year to $14.22 billion and adjusted operating revenue of $13.66 billion (+11.1% Y/Y), beating the consensus of $13.52 billion. Adjusted EPS was $1.28 above the consensus of $1.17.
Delta Air Lines shares dipped 7.9% to $38.92 on Friday.
Here are some other big stocks recording losses in today’s session.
- Nukkleus Inc. NUKK shares tumbled 22.4% to $1.6604.
- Bitdeer Technologies Group BTDR fell 13.7% to $6.20.
- TeraWulf Inc. WULF shares fell 12.2% to $1.68.
- Hut 8 Corp. HUT dipped 11.2% to $9.98. Hut 8 unveiled $65 million amended and restated credit facility with Coinbase.
- Iris Energy Limited IREN fell 10.9% to $5.38.
- Jin Medical International Ltd. ZJYL shares fell 10.6% to $69.13.
- Marathon Digital Holdings, Inc. MARA fell 10.3% to $20.08.
- Cognyte Software Ltd. CGNT fell 8.6% to $5.87.
- CleanSpark, Inc. CLSK declined 8.6% to $8.47.
- United Airlines Holdings, Inc. UAL dipped 8.6% to $40.70 in sympathy with Delta, which dropped after reporting quarterly results and issuing 2024 guidance.
- American Airlines Group Inc. AAL tumbled 8% to $13.42 in sympathy with Delta, which dropped after reporting quarterly results and issuing 2024 guidance.
- Riot Platforms, Inc. RIOT fell 7.7% to $12.09.
- Wheels Up Experience Inc. UP fell 7.4% to $4.0550.
- QuantumScape Corporation QS declined 7.3% to $7.51.
- Grifols, S.A. GRFS shares declined 6.7% to $7.43 after declining around 14% on Thursday.
- Alaska Air Group, Inc. ALK fell 5.4% to $34.99.
- Southwest Airlines Co. LUV dipped 5.1% to $28.32 in sympathy with Delta, which dropped after reporting quarterly results and issuing 2024 guidance.
- Bank of America Corporation BAC fell 1.6% to $32.60 following quarterly results.
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