Delta Rises on Profit Guidance; EasyJet Moves on Apollo Bid | Stock Movers

Delta reaffirmed its full-year profit guidance after reporting adjusted earnings of $1.56 per share in the second quarter, exceeding analyst estimates, with revenue up 14% year-over-year and capacity growth of 1%. The airline cited strong demand for premium, corporate, and international travel, though it recorded the highest quarterly fuel expense in its history. EasyJet received a bid from Apollo Global Management valued at £5.7 billion, or 715 pence per share, which exceeded Castlelake's £5.5 billion offer, and the airline said it would recommend Apollo's proposal to shareholders instead of Castlelake's. WD-40 increased its full-year net sales forecast.

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