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Revenues

NFE

New Fortress Energy Inc. (NASDAQ:NFE) has achieved First LNG for its Fast LNG asset located offshore Altamira, Mexico. This milestone marks the fastest large-scale LNG project ever developed, with a production capacity of 1.4 MTPA. The project will supply low-cost, clean LNG to NFE's downstream terminal customers.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:31 pm

HAL

Halliburton announced that its fourth quarter will be the highest international quarter, as stated during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:23 pm

IYE

XLE

XOM

Exxon Mobil Corp. (NYSE:XOM) shares are trading lower in premarket after finalizing a deal to sell its Malaysian oil and gas assets to Petronas. This move is part of Exxon's strategic shift towards focusing on more lucrative operations in the Americas. Despite the sale, Exxon remains a major energy producer in Malaysia. The company will report its second-quarter FY24 results on Aug. 2, 2024. Investors can gain exposure to Exxon via Energy Select Sector SPDR Fund (NYSE:XLE) and iShares U.S. Energy ETF (NYSE:IYE).

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 1:23 pm

HAL

IEZ

OIH

Halliburton (NYSE: HAL) reported Q2 2024 revenue of $5.833 billion, missing the consensus estimate of $5.949 billion. Despite international gains, the company faced challenges in the US market, leading to a 4.53% drop in its share price. Investors can also gain exposure through VanEck Oil Services ETF (NYSE: OIH) and iShares U.S. Oil Equipment & Services ETF (NYSE: IEZ).

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 1:03 pm

ACU

Acme United (AMEX:ACU) reported Q2 earnings per share (EPS) of $1.09, beating the analyst estimate of $0.94 by 15.96%. However, sales of $55.42 million missed the $56.54 million estimate by 1.97%. EPS increased by 13.54% year-over-year, while sales grew by 3.92%.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:03 pm

MOH

Molina Healthcare has been awarded a new Medicaid managed care contract by the Florida Agency for Healthcare Administration. The contract will allow Molina to serve approximately 90,000 Medicaid beneficiaries in Miami-Dade and Monroe Counties starting January 1, 2025, through December 31, 2030.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:02 pm

HAL

Halliburton expects its Drilling and Evaluation division revenue to increase by 2%-4% sequentially in Q3, as announced in a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:55 pm

AAL

AAPL

AIPI

CIBR

CRWD

DAL

LRNZ

MSFT

OKTA

PANW

S

UAL

CrowdStrike's Falcon platform update caused a global tech outage affecting Microsoft systems, leading to significant disruptions in various sectors. CrowdStrike's stock dropped sharply, while competitors like SentinelOne, Palo Alto Networks, and Okta saw gains. ETFs and hedge funds with significant exposure to CrowdStrike were also impacted.

Portfolio Pulse from Piero Cingari

July 19, 2024 | 12:53 pm

HAL

Halliburton expects its Completion and Production division revenue to decline by 1%-3% sequentially in Q3, as discussed in their conference call.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:52 pm

HAL

Halliburton expects its capital expenditures to be about 6% of its revenue for the full year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:50 pm