Delta Air Lines, Inc. (NYSE:DAL) posted Q3 net income that beat forecasts and revenue that was in line. Delta's adjusted net income for the September 2014 quarter was $1.0 billion, or $1.20 per diluted share, two cents ahead of expectations, according to Capital IQ. On a GAAP basis, Delta's net income was $357 million, or $0.42 per diluted share. Delta's operating revenue improved 7% to $11.17 billion, in line with forecasts for $11.11 billion. "While we have more work ahead of us to achieve our long-term financial goals, we expect a record fourth quarter of 2014 with an operating margin of 10-12%," said CEO Richard Anderson. Delta Air Lines, Inc. (NYSE:DAL) shares recently traded at $31.20 with a 52-week spread of $23.88 - $42.66.Fairchild Semiconductor Intl Inc (NASDAQ:FCS) reported Q3 earnings and revenue that beat analyst estimates, but the company is expecting Q4 revenue to fall short of analyst estimates. The chip-maker reported Q3 adjusted net income of $34.4 million, or $0.28 per diluted share, beating Capital IQ estimates of $0.21 per share. For the same quarter of 2013, the company reported net income of $21.4 million, or $0.17 per share. Total sales came in at $381.1 million, beating Cap IQ estimates of $378 million and higher than Q3 2013 sales of $365 million. For Q4 2014, Fairchild is forecasting revenue of $340 million to $360 million, below the Cap IQ forecast of $357 million. Shares of Fairchild Semiconductor Intl Inc (NASDAQ:FCS) are trading near the low of its 52-week range of $12.01 to $18.23.Main Street Capital Corporation (NYSE:MAIN) said it recently fully exited its investment in Spectrio LLC, a national provider of on-hold messaging and digital signage managed services. Main Street made its initial investment in Spectrio in May 2009 to support growth initiatives, a strategic acquisition and a debt refinancing. Main Street's initial investment consisted of a $5.7 million senior secured, first lien debt investment with an equity warrant participation for 8.4% of the fully-diluted equity interests in Spectrio. Main Street Capital Corporation (NYSE:MAIN) trades in a 52-week range of $26.42 to $35.72.After its initial investment in Spectrio, Main Street supported multiple add-on acquisitions by Spectrio with additional debt investments, with Main Street's outstanding debt investment in Spectrio reaching a peak balance of $18.0 million and with its warrant position increasing to 9.8% of Spectrio's fully diluted equity interests. In conjunction with the sale of Spectrio in October 2014, Main Street's debt investment was fully repaid and its warrant position was redeemed. Main Street realized a gain of approximately $3.9 million on the redemption of its warrant by Spectrio. On a cumulative basis, Main Street realized an internal rate of return of 16.3% and a 1.7 times money invested return in aggregate on its debt and equity investment in Spectrio.
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