News
Important Only
Publishing firm Scholastic beats Q4 revenue beats estimates on strength in children's book publishing
OverviewScholastic fiscal Q4 revenue rises 7%, beating analyst expectationsAdjusted EBITDA for fiscal Q4 exceeds estimates, reflecting effective cost managementAdjusted EPS for fiscal Q4 misses analyst expectations, impacted by school spending pressuresShares of the publishing firm rose 6.7% in exte...Reuters
Thu, Jul 24
1st Source Q2 net income rises 1.43% y/y
Overview1st Source Q2 net income $37.32 mln, up 1.43% yr/yrDiluted EPS $1.51, up 1.34% yr/yrTax-equivalent net interest income up 15.03% yr/yrProvision for credit losses increased due to loan growth and charge-offsOutlookCompany remains cautious due to economic uncertainty impacting customer busines...Reuters
Thu, Jul 24
Phillips Edison Q2 revenue beats estimates, raises FY guidance
OverviewPhillips Edison Q2 revenue of $177.8 mln, beats expectations, per LSEG dataQ2 Core FFO per share rises 10.3% to $0.64Co raises full-year 2025 earnings guidanceOutlookPhillips Edison raises 2025 net income guidance to $0.61-$0.64 per shareCompany increases 2025 Nareit FFO guidance to $2.50-$2...Reuters
Thu, Jul 24
SkyWest Q2 revenue, net income rise
OverviewSkyWest Q2 2025 revenue rises 19% yr/yr, driven by higher fleet utilizationNet income for Q2 2025 increases to $120 mln, from $76 mln year agoCo had secured agreement to purchase 16 new E175 aircraft for Delta Air LinesOutlookSkyWest anticipates having nearly 300 E175 aircraft by end of 2028...Reuters
Thu, Jul 24
Burke & Herbert Q2 net income rises
OverviewBurke & Herbert Q2 net income rises to $29.7 mln, EPS at $1.97Net interest income for Q2 increases to $74.2 mlnCompany maintains strong balance sheet with 4.17% net interest margin (non-GAAP)OutlookCompany plans expansion in Bethesda, Maryland and Fredericksburg and Richmond, VirginiaBur...Reuters
Thu, Jul 24
Data I/O beats Q2 sales estimates, narrows loss on auto demand
OverviewData I/O Q2 sales rise to $5.9 mln from prior year, beating analysts' expectationsNet loss for Q2 narrows to $742,000 from prior yearCompany receives significant order from leading global automotive EV supplierOutlookCompany anticipates growth in high-density memory technology by 2027Dat...Reuters
Thu, Jul 24
Shore Bancshares Q2 net income rises
OverviewShore Bancshares Q2 net income rises to $15.5 mln from $11.2 mln in Q2 2024Net interest margin expands to 3.35% in Q2 2025Total assets decrease 3.1% from Dec 2024 to $6.04 bln, driven by deposit run-offsOutlookShore Bancshares expects asset yield increases to support margins for 2025Company ...Reuters
Thu, Jul 24
Princeton Bancorp Q2 net income drops
OverviewPrinceton Bancorp Q2 net income falls to $688k from last yearCompany repurchased 173k shares at $31.14 each as part of buyback programTotal assets decreased 4.21% to $2.24 bln as of June 30, 2025OutlookPrinceton Bancorp expects stronger earnings in the second half of 2025Result DriversCREDI...Reuters
Thu, Jul 24
First Business Bank's Q2 net income rises to $11.2 mln, revenue up 10%
OverviewFirst Business Bank's Q2 net income rises to $11.2 mln from $10.2 mln yr agoCompany's revenue grows 10% yr/yr, driven by loan and deposit growthTangible book value per share increases 13.6% from prior yrOutlookCompany expects 2025 effective tax rate between 16% and 18%Company maintai...Reuters
Thu, Jul 24
B2B rental company McGrath Q2 revenue beats estimates
OverviewMcGrath Q2 revenue rises 11% to $235.6 mln, beating analyst expectationsNet income for Q2 increases to $36 mln, EPS at $1.46Co updates full-year revenue outlook to $925-$960 mlnOutlookCompany expects full-year revenue between $925 mln and $960 mln versus prior guidance range of $920 mln to $...Reuters
Thu, Jul 24
Hoka-parent Deckers beats quarterly sales estimates
July 24 (Reuters) - Footwear maker Deckers Outdoor DECK.N reported first-quarter revenue above analysts' expectations on Thursday, fueled by robust demand for its Hoka and UGG brands across its wholesale channel.The company posted a 16.9% jump in net sales to $964.5 million for the quarter ended...Reuters
Thu, Jul 24
Intel Says it Recognized $1.9 Billion In Restructuring Charges In Q2
July 25 (Reuters) - Intel Corp INTC.O:INTEL Q2 ADJUSTED EPS $-0.10 VERSUS IBES ESTIMATE $0.01INTEL Q2 REVENUE $12.86 BILLION VERSUS IBES ESTIMATE $11.92 BILLIONINTEL: PLANS TO END YEAR WITH CORE WORKFORCE OF ABOUT 75,000 EMPLOYEES DUE TO WORKFORCE REDUCTIONS, ATTRITIONINTEL: RECOGNIZED $1.9 BILLION ...Reuters
Thu, Jul 24
Trump signs executive order on college sports, White House says
July 24 (Reuters) - U.S. President Donald Trump has signed an executive order to "protect student-athletes" and collegiate athletic scholarships and opportunities, the White House said on Thursday."The Order requires the preservation and, where possible, expansion of opportunities for sc...Reuters
Thu, Jul 24
Glass Lewis sues Texas over proxy advice restrictions
July 24 (Reuters) - Glass Lewis, one of the best known proxy advisers, sued Texas on Thursday over a new, first-of-its-kind state law limiting its ability to give shareholders advice on diversity, environmental and governance practices.In a complaint filed in Austin, Texas federal court, Glass Lewis...Reuters
Thu, Jul 24
Grammy-winning jazz musician Chuck Mangione dies at 84
By Rich McKayJuly 24 (Reuters) - American two-time Grammy-winning jazz flugelhorn player Chuck Mangione, best known for his 1970s cross-over hit "Feels So Good," died this week at age 84 at his home in Rochester, New York.The prolific musician and composer - whose career spanned five decades...Reuters
Thu, Jul 24
FAA to review Boeing supply chain before approving hike to 737 MAX production
New FAA administrator says Boeing making improvements, but must show more progressBoeing has not yet sought approval for increasing 737 max productionBoeing is still awaiting FAA certification of new versions of the MAXBy David Shepardson OSHKOSH, Wisconsin July 24 (Reuters) - The head of the Fed...Reuters
Thu, Jul 24
