Earnings and ETFs: Delta, Lockheed Martin, UPS
Tuesday, April 26, 12:45 PM ET

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Delta shares are trading up over 7.3% Tuesday.

The Guggenheim Airline ETF (FAA), in which it is a top holding, is trading up over 2.2%.

Also today, Lockheed Martin (NYSE:LMT) said first quarter earnings dipped to $530 million, or $1.50 per share, from $533 million, or $1.41 per share, last year. Earnings from continuing operations of $1.55 per share beat analyst estimates. Revenue rose about 3%, to $10.6 billion. Lockheed hiked its full-year forecast to earnings of $6.95 to $7.25 per share, $0.25 higher on each end.

Shares are trading up nearly 1.4% Tuesday.

Lockheed Martin is the fifth-largest holding in the iShares Dow Jones U.S. Aerospace & Defense Index Fund (AMEX:ITA), trading up almost 1.2% today, behind rival stocks including United Technologies (NYSE:UTX) and Boeing (NYSE:BA).

And, United Parcel Service (NYSE:UPS) reported a surge in first-quarter earnings, to $885 million, or $0.88 per share, from $533 million, or $0.53 per share, last year. Earnings beat forecasts, although a 7% increase in revenue, to $12.58 billion, fell short of analyst estimates. UPS hiked its full-year forecast to earnings per share of $4.15 to $4.40 per share, well ahead of analyst estimates at the high end.

UPS shares are trading up over .9% Tuesday.

UPS is the fourth-largest holding in the iShares Dow Jones Transportation Average Index Fund (AMEX:IYT), trading up over 1% Tuesday. Union Pacific (NYSE:UNP), rival FedEx (FDX) and C.H. Robinson (NASDAQ:CHRW) are ahead of UPS in the holdings.