Articles written by Shivani Kumaresan - Benzinga

American Airlines' 2025 Forecast Promising Despite Q1 Challenges, Say Analysts

Raymond James analyst Savanthi Syth lowered American Airlines' price target from $24 to $23, citing FY25 1Q guidance misses due to higher fuel prices and capacity issues. Despite challenges, the company's favorable CASM-ex trend for 2025 and a strong free cash flow outlook above $2B support its recovery.

Fueling AI And Data: Blackstone's Latest Power Play Targets Virginia's Energy-Hungry Tech Hub

Blackstone has acquired the 774-megawatt Potomac Energy Center in Loudoun County, Virginia. This strategic move strengthens Blackstone's investments in energy infrastructure.

Intuitive Machines Secures NASA Contract For Lunar Mobility Solutions

Shares of Intuitive Machines surged after NASA awarded the company a $2.5 million study contract to improve lunar logistics and mobility.

Verizon AI Connect Unleashes Next-Level Business Solutions - What's On The Cards?

Verizon Business has unveiled Verizon AI Connect, offering a suite of solutions to scale artificial intelligence operations. This initiative aims to meet the rising demand for real-time AI tasks.

Robust US Sales Provide Hope For Burberry Despite A Drop In Q3 Sales

Burberry Group (OTC: BURBY) reported a 7% drop in retail revenue for Q3 2024, totaling 659 million Euros. The Americas saw a 4% growth, while Asia Pacific struggled with significant declines

Disney CEO Bob Iger's Pay Surges 30% In 2024: Details

Bob Iger's compensation for 2024 increased to $41.1 million, marking a 30% rise from the previous year. Disney's CEO received a mix of stock awards, option grants, and performance bonuses.

Electronic Arts' Growth Questioned: Analyst Downgrades Stock Amid Struggles In Gaming Engagement

BofA Securities downgrades Electronic Arts from Buy to Neutral, citing weak player engagement and potential structural issues in the gaming market.

AgriFORCE Acquires Bitcoin Mining Facility In Ohio For $4.5 Million: Details

AgriFORCE has acquired a 5 MW bitcoin mining facility in Ohio for $4.5 million. This strategic move aligns with the company's focus on integrating sustainable energy and advanced agricultural technologies.

Why Is Clean Tech Company N2OFF Stock Jumping Today?

N2OFF has joined forces with Solterra Energy Ltd. to explore solar and battery storage projects in Albania. The collaboration will focus on identifying feasible projects, with Solterra leading development and N2OFF overseeing financing.

Luxury Retailer Vince Holding Stock Spikes On Heels Of Sun Capital Deal, CEO Change

Brendan Hoffman will take over as CEO of Vince starting Feb. 3, while Matthew Garff resigns from the board.

LSI Industries Q2 Sales Surge As Demand Across Verticals Strengthen; Stock Skyrockets

LSI Industries reported a strong 36% sales growth in Q2 FY25, reaching $147.7 million, surpassing analyst expectations. This growth was fueled by robust demand across vertical markets and the integration of the EMI acquisition.

Meta's Pay-Or-Consent Policy Faces Fresh Criticism From EU Consumer Group

The European Consumer Organisation (BEUC) has raised concerns about Meta Platforms' revised "pay-or-consent" data policy, claiming it may violate consumer protection laws, data privacy regulations, and the Digital Markets Act.

TAL Education Posts 62% Jump In Q3 Sales Driven By AI Learning Devices; Stock Surges

TAL Education Group (NYSE: TAL) reported a 62.4% YoY sales increase in Q3 FY25, reaching $606.4 million, surpassing analysts' expectations. Gross profit also rose 59.6%, with a gross margin of 52.7%.

SES Secures ~$10M In AI-Powered Battery Contracts; Stock Jumps

SES AI inks contracts for up to $10 million to develop AI-enhanced Li-Metal and Li-ion batteries for EVs with two automotive OEM partners.

McCormick Posts 3% Sales Growth In Q4 As Consumer Demand Rise

McCormick posted a 3% YoY sales growth in Q2 FY24, reaching $1.80 billion, surpassing estimates. The consumer segment saw a 4% sales increase, while the Flavor Solutions segment grew by 1%.

PUMA Sees Growth In Q4 Sales, Warns Of Cost Cut In 2025

Puma SE reported a 9.8% sales growth in Q4 FY24 and launched a new efficiency program aiming to enhance profitability through cost control measures and strategic investments.

Carnival Corp's Private Island Strategy Poised For Significant Expansion, Says Analyst

Analyst Lizzie Dove from Goldman Sachs maintained a $35 target for Carnival Corp, citing the company's expanding private island strategy, focus on optimizing sales from existing ships, alongside a slower pace of newbuilds.

United Airlines Analysts Remain Bullish As Revenue Exceeds Estimates

United Airlines reports an adjusted EPS of $3.26 for Q4, exceeding both FactSet consensus and its own guidance. The stronger-than-expected revenue, driven by a 1.6% increase in unit revenue, helped the company exceed its forecasts.

SLB Teams Up With Star Energy Geothermal To Advance Geothermal Tech: Details

SLB and Star Energy Geothermal have teamed up to advance geothermal technology, focusing on improving project efficiency and recovery rates. This partnership combines Star Energy Geothermal's expertise with SLB's energy technology solutions.

Uber Eats Partners With Home Depot For On-Demand Deliveries

Uber Eats partnered with Home Depot, allowing users to order home improvement products directly through the Uber Eats app.