Streetbeat News

Revenues

LUV

Southwest Airlines expects an all-time quarterly record for operating revenue in Q2 2024, despite lowered unit revenue expectations. The company will provide more details in its upcoming financial results and at Investor Day in September 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:38 am

LUV

Southwest Airlines reports strong Q2 operational performance with minimal cancellations, achieving a 99.5% completion factor despite challenging weather. However, the company has reduced its RASM expectations due to complexities in adapting its revenue management to current booking patterns.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:36 am

PSN

Parsons Corporation (NYSE:PSN) has been awarded a $16 million, three-year contract by the City of Manchester, New Hampshire, to provide program and construction management services for the Cemetery Brook Drain Tunnel Project. This project aims to mitigate flooding risks, eliminate combined sewer overflow discharges into the Merrimack River, and secure the river as a clean drinking water source.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:35 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is set to unveil its robotaxi on Aug. 8, but fund manager Gary Black suggests that the service won't take off until Tesla's full self-driving technology is fully unsupervised. An influencer's analysis shows potential revenue of $1.4 billion annually if Tesla subsidizes rides and requires drivers to use Tesla vehicles. Black believes that without discounted pricing, Tesla's supervised ride-hailing service won't compete effectively with Uber and Lyft.

Portfolio Pulse from Shanthi Rexaline

June 26, 2024 | 10:34 am

BW

Babcock & Wilcox has been awarded contracts worth over $18 million to design and supply wet and dry electrostatic precipitator rebuilds.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:31 am

RIVN

VWAGY

Rivian Automotive, Inc. (NASDAQ:RIVN) is set to open at a 4-month high following the announcement of a joint venture with Volkswagen AG’s U.S. subsidiary. Volkswagen will invest $1 billion initially, with up to $4 billion in additional planned investment. Rivian will also raise $1 billion in debt financing through convertible promissory notes. The stock rose 36.71% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 26, 2024 | 10:25 am

CVNA

Carvana has announced the expansion of its same-day vehicle delivery service to select residents in the Greater Richmond, Virginia area.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:02 am

NYC

American Strategic Investment Co. has agreed to a term sheet to sell its 9 Times Square Midtown Manhattan property for $63.5 million.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:01 am

IYE

XLE

XOM

Guyana's Ministry of Natural Resources has selected Fulcrum LNG, led by a former Exxon Mobil executive, to partner with Exxon on a new natural gas project. Fulcrum LNG was chosen for its comprehensive proposal among 17 bidders. Preliminary discussions are underway.

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 9:35 am

CMCSA

IYZ

VOX

Comcast's Universal division is considering a new theme park in the U.K., potentially creating 28,000 jobs and generating £35.1 billion ($44.5 billion) in economic impact. The decision will be made later this year, with a possible 2030 opening. Comcast's Q1 revenue beat estimates, but the stock has declined over the past year.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 9:24 am