SIDU - Crude Oil Gains 1%; JetBlue Shares Fall After Q4 Results | Benzinga
U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling more than 50 points on Tuesday.
The Dow traded up 0.02% to 38,339.56 while the NASDAQ fell 0.39% to 15,566.76. The S&P 500 also fell, dropping, 0.08% to 4,923.94.
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Leading and Lagging Sectors
Financials shares rose by 0.7% on Tuesday.
In trading on Tuesday, real estate shares fell by 0.6%.
Top Headline
Shares of JetBlue Airways Corp (NASDAQ: JBLU) fell more than 5% on Tuesday after the company reported fourth-quarter FY23 results.
Operating revenue declined by 3.7% year-on-year to $2.33 billion, beating the consensus estimate of $2.29 billion. Adjusted loss per share was 19 cents, surpassing the consensus of 28 cents.
JetBlue expects revenue to decline (9.0%)-(5.0%) Y/Y in the first quarter of fiscal 2024. It sees ASMs decreasing by (6.0%) – (3.0%) and CASM ex-fuel increasing by 9.0% – 11.0%, and an estimated Fuel Price per Gallon to be $2.87 – $3.02 for the quarter.
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