News
Important Only
UnitedHealth says it has begun complying with formal criminal, civil requests from DOJ
July 24 (Reuters) - UnitedHealth UNH.N has begun complying with formal criminal and civil requests from the Department of Justice after reviewing media reports about investigations into certain aspects of its participation in the Medicare program, a filing showed on Thursday.Reuters
Thu, Jul 24
CORRECTED-Amalgamated Financial Q2 adjusted EPS beats estimates, margin flat
OverviewAmalgamated Financial Q2 net income rises to $26.0 mln, driven by increased non-core incomeAdjusted EPS for Q2 beats analyst expectations, per LSEG dataNet interest margin remained unchanged at 3.55%Deposits grow 4.3% to $7.7 bln, political deposits jump 13%OutlookCompany expects tax rate to...Reuters
Thu, Jul 24
RPT-Integer Holdings beats Q2 sales estimates, raises FY foreacst
OverviewInteger fiscal Q2 sales rise 11% to $476 mln, beating analyst expectationsAdjusted EPS for fiscal Q2 meets analyst estimates, per LSEG dataCompany raises 2025 adjusted operating income and EPS outlook at the midpointOutlookInteger sees 2025 adjusted EPS of $6.25 to $6.51, a growth of 18%-23%...Reuters
Thu, Jul 24
Canada's CPP Investments to exit JV with Indian mall operator for $631 million
July 24 (Reuters) - Canada biggest pension fund CPP Investments will exit a joint venture with India's Phoenix Mills PHOE.NS for a cash deal worth 54.49 billion rupees ($630.9 million), the mall operator said on Thursday. ($1 = 86.3640 Indian rupees)Reuters
Thu, Jul 24
BREAKINGVIEWS-Netscape IPO casts a shadow from 1995 over AI boom
By Jeffrey Goldfarb NEW YORK, July 24 (Reuters Breakingviews) - With a $300 billion valuation, ChatGPT developer OpenAI towers over peak Netscape. The trailblazing web browser, however, looms large from Silicon Valley to Wall Street as the 30th anniversary of its world-shaking initial public offe...Reuters
Thu, Jul 24
Carter Bankshares Q2 net income beats estimates at $8.5 mln
OverviewCarter Bankshares Q2 net income rises to $8.5 mln, beating analyst expectationsDiluted EPS for Q2 exceeds estimates at $0.37, per LSEG dataCo completes acquisition of two branches, adding $55.9 mln in depositsOutlookCompany expects loan growth from commercial lending and construction project...Reuters
Thu, Jul 24
Heritage Financial Q2 adjusted EPS beats estimates
OverviewHeritage Financial Q2 net income $12.2 mln, down from Q, due to loss on sale of securitiesAdjusted EPS beats estimates, reflecting stronger underlying performanceNet interest margin improved to 3.51%, up from 3.44% in Q1OutlookHeritage Financial to consider investment in new production team...Reuters
Thu, Jul 24
Arrow Financial's Q2 net income rises to $10.8 mln
OverviewArrow Financial Q2 net income rises to $10.8 mln, driven by strong net interest incomeCompany's net interest income hits record $32.5 mln, boosting net interest marginArrow Financial completes operational merger, enhancing banking platform and customer experienceOutlookCompany poised to ...Reuters
Thu, Jul 24
Electronics maker Flex beats Q1 sales estimates on data center demand
OverviewFlex Q1 fiscal 2026 sales beat estimates at $6.6 bln, per LSEG dataAdjusted EPS for Q1 fiscal 2026 beats expectations at $0.72, per LSEG dataCompany attributes strong performance to strategic focus on high-growth marketsOutlookFlex expects Q2 revenue between $6.5 bln and $6.8 blnFlex project...Reuters
Thu, Jul 24
Provident Financial Q2 profit rises, lifted by record net interest income
OverviewProvident Financial Q2 net income rises to $72 mln, reflecting improved asset qualityCompany reports record revenue of $214.2 mln, driven by increased net interest incomeLoan portfolio grows, with C&I loans up 16.26% annualized from prior quarterResult DriversREVENUE GROWTH - Record reve...Reuters
Thu, Jul 24
Independent Bank Corp's Q2 net interest income up 7.9%
OverviewIndependent Bank Q2 net income declines to $16.9 mln from $18.5 mln last yearNet interest income rises 7.9% yr/yr, driven by margin expansionNon-interest income falls due to lower equity securities gainsOutlookIndependent Bank optimistic about growth prospects for 2025 and 2026Company cites ...Reuters
Thu, Jul 24
First Mid Bancshares' Q2 adjusted EPS beats estimates
OverviewFirst Mid Bancshares Q2 adjusted EPS beats analyst expectations, per LSEG dataCompany reports record high net income for Q2 2025Board increases quarterly dividend to $0.25 per shareOutlookCompany focuses on disciplined credit culture amid fluctuating macroeconomic environmentFirst Mid invest...Reuters
Thu, Jul 24
Integer Holdings beats Q2 sales estimates, raises FY foreacst
OverviewInteger fiscal Q2 sales rise 11% to $476 mln, beating analyst expectationsAdjusted EPS for fiscal Q2 meets analyst estimates, per LSEG dataCompany raises 2025 adjusted operating income and EPS outlook at the midpointOutlookInteger sees 2025 adjusted EPS of $6.25 to $6.51, a growth of 18%-23%...Reuters
Thu, Jul 24
Sensor maker CTS' Q2 sales rise 4% to $135 mln, beat estimates
OverviewCTS Q2 sales rise 4% yr/yr to $135 mln, beating analyst expectationsAdjusted EPS for Q2 beats analyst expectations, reflecting solid profitabilityCo maintains 2025 guidance for sales and adjusted EPS, indicating confidenceOutlookCTS maintains 2025 sales guidance of $520-$550 mlnCompany expec...Reuters
Thu, Jul 24
Constellation Energy receives nod from FERC for Calpine acquisition
July 24 (Reuters) - Utility company Constellation Energy CEG.O said on Thursday it has received a regulatory approval from the Federal Energy Regulatory Commission (FERC) for its previously announced $16.4 billion acquisition of Calpine Corporation.This approval represents a step forward in the tran...Reuters
Thu, Jul 24
Novartis to pay Matchpoint up to $1 billion to develop anti-inflammatory therapies
July 24 (Reuters) - Swiss drugmaker Novartis NOVN.S will pay up to $1 billion to U.S. biotech Matchpoint Therapeutics to develop oral drugs for several inflammatory diseases. Matchpoint said on Thursday it will use its technology to develop drugs that block the activity of a specific protein, helpin...Reuters
Thu, Jul 24
United Bankshares Q2 EPS beats estimates, driven by Piedmont acquisition
OverviewUnited Bankshares Q2 EPS of $0.85 beats analyst expectationsNet income for Q2 2025 at $120.7 mln, driven by Piedmont acquisitionCo repurchased 981,000 shares under stock buyback planOutlookUnited anticipates continued success in second half of 2025United sees positive impact from Atlanta mar...Reuters
Thu, Jul 24
Motorola Solutions unveils new features to boost transparency in public safety tech
July 24 (Reuters) - Motorola Solutions said on Wednesday it will introduce AI labels across its safety and security products, in a bid to increase transparency around the use of artificial intelligence in public safety and enterprise security.The move aims to demystify how AI is used in its products...Reuters
Thu, Jul 24
RPT-BREAKINGVIEWS-Tesla drifts away from benchmark status
By Jonathan Guilford NEW YORK, July 23 (Reuters Breakingviews) - Despite reshaping the car industry, Tesla TSLA.O is becoming even less of an automaker for investment purposes. Uninspiring second-quarter results reinforce the idea that Elon Musk probably will keep driving the $1 trillion company...Reuters
Thu, Jul 24
