Shares of Delta soared after the airline posted better-than-expected earnings and gave upbeat guidance. The airline’s earnings beat came despite the fact that it had to cancel more than 17,000 flights because of bad weather during the quarter. It lost $90 million in revenue because of those cancellations. The stock popped six percent to $37.09.
Dow Chemical’s cost-cutting efforts helped it drive a 65 percent increase in its first-quarter profit. The chemical maker saw margins expand in units that makes coatings, plastics and crop-protection products. Shares rose nearly one percent to $49.37.
SodaStream & Starbucks
Reports that Starbucks may buy a stake in SodaStream sent shares of the soda machine maker surging in today’s session. Last week there were reports that SodaStream was in early talks to sell a stake of itself to a large beverage company. Now, the reports are that Starbucks wants a ten percent stake in the company. Shares of SodaStream popped ten percent to $44.76, shares of Starbucks fell one percent to $70.39.
Zynga reported a loss that matched estimates, but the game maker’s revenue surpassed expectations. Also, the company’s founder Mark Pincus will step down as chief product officer. He will remain chairman. Shares rose initially in the after-hours session, during the regular session the stock fell three percent to $4.42.