11:45 PM New York – Delta Air Lines fourth-quarter net declined 8% to $572 million. KB Home fourth-quarter net surged 125% to $84 million. Progress Software fourth-quarter net swung to profit $16 million.
Tollbooth Index increased 25.09 or 0.2% to 14,316.38.
Delta Air Lines, Inc
), the airline services provider reported total revenues in the fourth-quarter ending in December soared 8.3% from a year ago to $10.2 billion.
Net income in the quarter declined 8% to $572 million or 80 cents per diluted share from $622 million or 84 cents in the same quarter last year.
The airline services provider said total passenger revenues jumped 6.6% to $8.5 billion and cargo revenues soared 14.4% to $200 million and other revenues surged 17.9% to $1.5 billion.
Delta raised its full-year profit outlook to between $6.35 and $6.70 per share ahead of Wall Street estimates.
), the home builder said total revenues in the fourth-quarter ending in December jumped 18% from a year ago to $1.4 billion.
Net income in the quarter surged 125% to $84.3 million or 84 cents per diluted share from $37.5 million or 40 cents in the same quarter last year.
The home builder said total deliveries jumped 9% to 3,340 homes and average selling price advanced 8% to $416,500.
Net order value for the quarter increased 9% to $935.4 million on a 2% increase in net orders to 2,296 units and backlog value jumped 9% to $1.7 billion with the number of homes in backlog roughly flat at 4,411.
Progress Software Corporation
), the application developer said revenues in the fourth-quarter ending in November fell 1% from a year ago to $116.1 million.
Net in the quarter swung to profit $16.4 million or 34 cents per diluted share from a loss of $73.8 million or $1.52 in the same quarter last year.
Progress Software forecasted fiscal 2018 revenues in the range of $398 million to $404 million and diluted earnings per share between $1.14 and $1.21.
Regency Centers Corp
), the real estate developer lifted fiscal 2017 diluted earnings per share forecast in the range of $1 to $1.02 from the earlier estimated of 76 cents to 81 cents.
The real estate developer forecasted fiscal 2018 diluted earnings per share in the range of $1.47 to $1.56.