{"id":54267,"date":"2025-10-09T07:08:24","date_gmt":"2025-10-09T11:08:24","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/delta-soars-on-strong-earnings-von-der-leyen-survives-no-confidence-vote-ferrari-plunges\/54267\/"},"modified":"2025-10-09T07:08:24","modified_gmt":"2025-10-09T11:08:24","slug":"delta-soars-on-strong-earnings-von-der-leyen-survives-no-confidence-vote-ferrari-plunges","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/delta-soars-on-strong-earnings-von-der-leyen-survives-no-confidence-vote-ferrari-plunges\/54267\/","title":{"rendered":"Delta Soars on Strong Earnings, Von der Leyen Survives No-Confidence Vote, Ferrari Plunges"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Delta Air Lines (<a href=\"\/stock\/DAL\">DAL<\/a>)<\/strong> reported strong third-quarter results, beating revenue and EPS estimates, and raised its full-year adjusted EPS guidance to approximately <strong>$6<\/strong>.<\/li>\n<li><strong>Ursula Von der Leyen<\/strong> successfully fended off no-confidence votes, securing her position and indicating stability in European leadership despite internal dissatisfaction.<\/li>\n<li><strong>Ferrari (<a href=\"\/stock\/RACE\">RACE<\/a>)<\/strong> shares experienced a significant decline, dropping <strong>14%<\/strong>, marking their largest fall since 2016.<\/li>\n<li>The <strong>European Central Bank (ECB)<\/strong> continues to grapple with &quot;unprecedented levels of uncertainty,&quot; as stated by ECB&#39;s Escriva.<\/li>\n<li>Geopolitical discussions are active, with Germany&#39;s Foreign Minister discussing a Gaza plan in Paris, and a <strong>US-Finland icebreaker cooperation deal<\/strong> being finalized.<\/li>\n<\/ul>\n<p>Delta Air Lines (<a href=\"\/stock\/DAL\">DAL<\/a>) reported an impressive third quarter, with adjusted revenue reaching <strong>$15.20 billion<\/strong>, surpassing the estimated <strong>$15.08 billion<\/strong>. The airline also posted adjusted earnings per share (EPS) of <strong>$1.71<\/strong>, comfortably beating the <strong>$1.56<\/strong> estimate. Passenger revenue stood strong at <strong>$13.51 billion<\/strong>, slightly above the <strong>$13.48 billion<\/strong> estimate. Following these robust results, Delta&#39;s shares rose <strong>5%<\/strong>. The company also provided an optimistic outlook, seeing full-year adjusted EPS of approximately <strong>$6<\/strong>, higher than the previous estimate of <strong>$5.80<\/strong>. For the fourth quarter, Delta projects adjusted EPS between <strong>$1.60 and $1.90<\/strong> and adjusted revenue growth of <strong>2% to 4%<\/strong>.<\/p>\n<p>In other corporate news, <strong>Alphabet Inc (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>, <a href=\"\/stock\/GOOG\">GOOG<\/a>)<\/strong> received a target price upgrade from BMO, which raised its target to <strong>$294<\/strong> from <strong>$225<\/strong>. Conversely, luxury automaker <strong>Ferrari (<a href=\"\/stock\/RACE\">RACE<\/a>)<\/strong> saw its shares extend a drop to <strong>14%<\/strong>, marking its biggest decline since 2016. Russian energy giant <strong>Gazprom<\/strong> reported an <strong>15% year-over-year<\/strong> increase in 8-month gas exports to Central Asia.<\/p>\n<p>On the political front, <strong>Ursula Von der Leyen<\/strong> successfully navigated no-confidence votes, securing her position as the head of the European Commission. <em>The margin of votes against the motions was slightly larger than in July<\/em>, indicating that centrist parties, despite some dissatisfaction, are not keen on repeated challenges. In France, <strong>Jean-Louis Borloo<\/strong> denied rumors of his appointment to Matignon, assuring that he has &quot;no&quot; contact with the \u00c9lys\u00e9e.<\/p>\n<p>International diplomacy remains active, with <strong>Germany&#39;s Foreign Minister<\/strong> stating that a Gaza plan is being discussed today with international partners in Paris. The <strong>Israeli Foreign Minister<\/strong> expressed an interest in expanding the &quot;circle of peace and normalization&quot; in the region. Meanwhile, <strong>Brazil&#39;s President Lula<\/strong> reported that Senator Marco Rubio contacted their Foreign Affairs Minister yesterday. <strong>Finland&#39;s President Stubb<\/strong> announced that he would sign a Memorandum of Understanding (MOU) on icebreaker cooperation with <strong>Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong>, emphasizing that the deal wouldn&#39;t have been possible without <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#39;s involvement. The MOU is expected to lay the foundation for commercial agreements between the United States Coast Guard and Finnish companies. However, <strong>US Commerce Secretary Lutnick<\/strong> dismissed any prospect of an auto deal between the US and Canada.<\/p>\n<p>From a monetary policy perspective, <strong>ECB\u2019s Escriva<\/strong> highlighted &quot;unprecedented levels of uncertainty&quot; currently facing the economy. In Portugal, <strong>Pereira<\/strong> stated he is &quot;absolutely not a dove,&quot; leaving questions about his future policy stance. In Japan, <strong>Takaichi<\/strong> is set to name Itsunori Onodera as the LDP Tax Chief.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Delta Air Lines (DAL) reported strong third-quarter results, beating revenue and EPS estimates, and raised its full-year adjusted 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