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O'Reilly raises annual revenue outlook on auto parts demand
July 23 (Reuters) - O'Reilly Automotive ORLY.O raised its 2025 revenue forecast on Wednesday, banking on stronger demand for auto parts from customers looking to repair older vehicles.More people are opting to fix their old cars with replacement parts instead of buying new vehicles after U.S. Pr...Reuters
Wed, Jul 23
White House says discussion of 15% tariff deal with EU is speculation
WASHINGTON, July 23 (Reuters) - Discussion about any possible trade deals with the United States should be considered "speculation," unless they are announced by President Donald Trump, White House spokesman Kush Desai said on Wednesday.The spokesman was responding to two EU diplomats saying...Reuters
Wed, Jul 23
Iran says it warned away US destroyer but US dismisses account
DUBAI/WASHINGTON, July 23 (Reuters) - Iran on Wednesday said it warned a U.S. Navy destroyer to change course as it moved through waters close to Iran, but a U.S. defense official said the interaction was safe and professional and had no impact on its mission.Iranian state media published images fro...Reuters
Wed, Jul 23
Earthquake of magnitude 6.2 strikes Indonesia's Sulawesi, GFZ says
July 24 (Reuters) - A magnitude 6.2 earthquake struck Minahassa Peninsula, in Indonesia's Sulawesi region, on Thursday, the German Research Centre for Geosciences said. The quake was at a depth of 147 kilometers (91.96 miles), GFZ said.Reuters
Wed, Jul 23
Idaho students' killer gets life without parole for 2022 murders, but motive remains a mystery
Killer declines to give statement during proceedingsVictims' families express anger, demand answers at sentencingJudge Hippler warns against giving Kohberger attentionBy Matt McKnight and Steve GormanBOISE, Idaho, July 23 (Reuters) - The former criminal-justice doctoral student convicted in the ...Reuters
Wed, Jul 23
Bank of America authorizes $40 billion stock repurchase plan
July 23 (Reuters) - Bank of America BAC.N said on Wednesday its board has authorized a $40 billion stock repurchase program.The new buyback program, which will take effect on August 1, will replace the current authorization, which had about $9.1 billion in repurchases remaining as of June 30, the ba...Reuters
Wed, Jul 23
Richmond Mutual Q2 net income and EPS rises on higher net interest income
OverviewRichmond Mutual Bancorporation Q2 net income rises 30% yr/yr, driven by higher net interest incomeDiluted EPS for Q2 2025 increases 30% yr/yrCo's net interest margin improves to 2.93%, supported by favorable asset repricingOutlookCompany focuses on customer care amid economic uncertainti...Reuters
Wed, Jul 23
Wyndham beats Q2 adjusted EPS estimates, raises full-year outlook
OverviewWyndham Q2 adjusted EPS up 18%, beating analyst expectations, per LSEG dataAdjusted net income rises 13% to $103 mln, exceeding estimates, per LSEG dataCo raises full-year 2025 EPS outlook amid strong pipeline and system growthOutlookWyndham raises full-year 2025 adjusted EPS outlook to $4.6...Reuters
Wed, Jul 23
TowneBank Q2 revenue up 18.6%, beats expectations
OverviewTowneBank Q2 revenue grows 18.56%, beating analyst expectations, per LSEG dataAdjusted EPS for Q2 beats consensus, driven by strategic acquisitionsCompany completed Village Bank acquisition, boosting loans and depositsOutlookTowneBank expects tax rate to normalize in H2 2025Company anticipat...Reuters
Wed, Jul 23
WEX Q2 revenue falls
OverviewWEX Q2 2025 revenue falls 2% yr/yr, impacted by fuel pricesCo sees growth in SaaS accounts, while corporate payments volume dropsOutlookWEX expects Q3 revenue between $669 mln and $689 mlnCompany anticipates full-year revenue of $2.61 bln to $2.65 blnWEX forecasts Q3 adjusted EPS between $4....Reuters
Wed, Jul 23
Globe Life's second-quarter profit rises on strong underwriting
July 23 (Reuters) - Life and supplemental health insurance company Globe Life GL.N reported a rise in second-quarter profit on Wednesday, driven by stronger underwriting performance. Despite economic uncertainty, demand for life insurance has remained strong as consumers focus on protecting their fi...Reuters
Wed, Jul 23
Third Coast Bancshares Q2 EPS rises
OverviewThird Coast Bancshares fiscal Q2 EPS hits record-high $0.96, net income $16.7 mlnNet interest margin improves to 4.22% in fiscal Q2, driven by loan yieldsCo completed $100 million and $150 million commercial real estate loan securitizationsResult DriversNET INTEREST INCOME - Increased 15.4% ...Reuters
Wed, Jul 23
Meritage Homes Q2 net earnings fall 37%
OverviewMeritage Homes Q2 home closing revenue fell 5% yr/yr to $1.6 blnNet earnings for Q2 declined 37% to $147 mln, reflecting lower gross marginsDiluted EPS for Q2 decreased to $2.04, impacted by higher SG&A and tax ratesOutlookMeritage targets $2.0 bln land acquisition and development spend ...Reuters
Wed, Jul 23
Trump ally Lindell wins appeal in lawsuit over $5 million 2020 election contest
By Mike ScarcellaJuly 23 (Reuters) - Donald Trump ally and MyPillow.com chief executive Mike Lindell on Wednesday persuaded a U.S. appeals court to throw out a judge’s order requiring him to pay $5 million to a software developer who said he debunked Lindell's 2020 election fraud claims.The 8th ...Reuters
Wed, Jul 23
Sonoco Products Company Q2 net sales rises 49.4%
OverviewSonoco Q2 net sales rise 49.4% yr/yr to $1.9 bln, in-line with analyst expectations, per LSEG dataAdjusted EPS for Q2 misses analyst expectations, per LSEG dataCo reduces total debt and net debt by $1.7 bln using divestiture proceeds and operating cash flowOutlookSonoco maintains full-year a...Reuters
Wed, Jul 23
Eagle Bancorp posts $69.8 mln Q2 loss on higher provisions; announces dividend
OverviewEagle Bancorp reports Q2 net loss of $69.8 mln due to higher provision expensesNet interest income rises slightly, noninterest income declineCo announces $0.165 per share dividend, maintains strong capital positionOutlookCompany expects remediation activity to continue over coming quartersEa...Reuters
Wed, Jul 23
ARMOUR posts Q2 net loss
OverviewARMOUR reports Q2 GAAP net loss of $78.6 mln, $0.94 per shareBook value per common share falls to $16.90 from $18.59 in Q1Raised $104.6 mln capital via at-the-market offering program Result DriversCAPITAL RAISE - Co raised $104.6 mln through at-the-market offering programINTEREST SPREAD ...Reuters
Wed, Jul 23
Kaiser Aluminum Q2 sales beat estimates, raises EBITDA outlook
OverviewKaiser Aluminum Q2 sales rise to $823 mln, beating analyst expectationsAdjusted EPS for Q2 beats estimates, reaching $1.21, per LSEG dataCo raises full-year 2025 adjusted EBITDA outlook, citing strategic growthOutlookKaiser raises full-year 2025 Adjusted EBITDA outlook by 10% to 15%Company e...Reuters
Wed, Jul 23
Origin Bancorp reports lower Q2 profit, launches new buyback program
OverviewOrigin Bancorp Q2 net income declines from previous quarterNet interest income rises 4.7% due to higher loan interest incomeCo repurchased 136,399 shares, announces new $50 mln buyback programOutlookOrigin targets greater than 1% ROAA run rate by 4Q25Company expects $34.2 mln annual earnings...Reuters
Wed, Jul 23
Bridgewater Q2 adjusted EPS beats expectations
OverviewBridgewater Q2 adjusted EPS beats analyst expectations, per LSEG dataNet income rises to $11.5 mln, driven by higher net interest incomeCo completes $80 mln private placement, repurchases 122,704 sharesOutlookCompany anticipates continued tangible book value growthResult DriversNET INTEREST ...Reuters
Wed, Jul 23
