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Apple beats US appeal claiming it shortchanged customers on iCloud storage
By Jonathan StempelJuly 23 (Reuters) - A U.S. federal appeals court on Wednesday rejected claims by Apple AAPL.O customers that the iPhone maker gave them less iCloud data storage than they paid for when upgrading.In a 3-0 decision, the 9th U.S. Circuit Court of Appeals in San Francisco said reasona...Reuters
Wed, Jul 23
Other
Univest Financial Q2 net income rises
OverviewUnivest Q2 net income rises to $20 mln, EPS at $0.69Net interest income up 16.7% yr/yr to $59.5 mln, driven by higher loan balancesNonperforming assets increase due to $23.7 mln loan on nonaccrual statusResult DriversHIGHER LOAN YIELDS - Increase in net interest income driven by higher yield...Reuters
Wed, Jul 23
Stocks
Teledyne Revenue Jumps 10% in Fiscal Q2
Key Points- Non-GAAP EPS was $5.20 in Q2 FY2025, exceeding estimates by 3.0%.- Revenue (GAAP) climbed 10.2% year over year to $1,513.7 million in Q2 FY2025. Non-GAAP results outpaced expectations.- Free cash flow was $196.3 million, a 34.8% decrease compared to Q2 2024, mainly due to higher tax paym...The Motley Fool
Wed, Jul 23
Stocks
Taylor Morrison Home Posts Q2 Beat
Key Points- Adjusted EPS (non-GAAP) beat estimates, reaching $2.02 for Q2 2025, while revenue (GAAP) climbed to $2.03 billion, both ahead of consensus.- Gross margin dipped to 22.3% in Q2 2025 and Net sales orders fell 12% year over year, signaling softer demand.These 10 stocks could mint the next w...The Motley Fool
Wed, Jul 23
Stocks
NVR Tops Q2 Estimates as Orders Fall
Key Points- GAAP earnings per share of $108.54 and revenue of $2.60 billion both topped analyst estimates.- New home orders, backlog, and gross margin all declined year over year, reflecting softening demand and cost pressures.- No forward guidance was provided by management for future quarters.Thes...The Motley Fool
Wed, Jul 23
Other
Annaly Capital Q2 net income falls
OverviewAnnaly Capital Q2 GAAP net income per share at $0.03, down from $0.15Earnings available for distribution per share at $0.73, slightly up from prior quarterBook value per common share decreased to $18.45 from $19.02OutlookCompany remains optimistic about opportunities across its investment st...Reuters
Wed, Jul 23
Other
Plexus Q3 adjusted EPS beats estimates
OverviewPlexus fiscal Q3 revenue of $1.018 bln largely in-line with analyst expectations, per LSEG dataAdjusted EPS of $1.90 beats analyst estimates, per LSEG dataOutlookPlexus projects Q4 revenue of $1.025 bln to $1.065 blnCompany expects Q4 GAAP EPS of $1.57 to $1.72, including $0.25 of stock-bas...Reuters
Wed, Jul 23
Stocks
Railroad operator CSX beats quarterly profit estimates on higher volumes
July 23 (Reuters) - CSX CSX.O reported second-quarter profit above analysts' estimates on Wednesday, driven by improving intermodal volumes.Intermodal shipping, which involves two or more means of transportation for goods and accounted for 14% of its overall revenue in 2024, saw a 2% rise in vol...Reuters
Wed, Jul 23
Other
Real estate service firm Stewart beats Q2 adjusted profit estimates
OverviewStewart Q2 2025 revenue rises 20% yr/yr, beating analyst expectation, per LSEG dataAdjusted EPS of $1.34 for Q2 2025 beats estimates, per LSEG dataNet income for Q2 2025 increases to $31.9 mln from $17.3 mlnOutlookCompany notes housing market headwinds impacting future growthStewart aims to ...Reuters
Wed, Jul 23
Other
Banc of California Q2 adjusted EPS beats estimates, loans grow 9%
OverviewBanc of California Q2 adjusted EPS of $0.31 beats analyst expectationsCompany reports 9% annualized loan growth, driven by lender and fund financeCredit quality metrics improved due to strategic loan sales and transfersOutlookCompany expects durable, profitable growth through strong market p...Reuters
Wed, Jul 23
Other
Community Health Q2 revenue beats estimates
OverviewCommunity Health Systems Q2 revenue of $3.133 bln beats analyst expectationsAdjusted EBITDA of $380 mln surpasses estimates, despite a slight decline yr/yrNet income of $282 mln, a significant improvement from last year's net lossResult DriversREVENUE DECLINE - Net operating revenues for...Reuters
Wed, Jul 23
Other
Richardson Electronics Q4 sales rise 9.5% but fall short of estimates
OverviewRichardson Electronics Q4 FY25 sales rise 9.5% YoY, but miss analysts' expectationsHowever, adjusted EPS for Q4 FY25 beats estimatesReports positive operating cash flow for a fifth consecutive quarterOutlookCompany focuses on expanding GES and engineered solutions for growthRichardson El...Reuters
Wed, Jul 23
Other
Southwest misses profit expectations as weak domestic demand erodes fares
July 23 (Reuters) - Southwest Airlines LUV.N missed Wall Street estimates for second-quarter profit on Wednesday, pressured by weak domestic travel demand that has led to more empty seats and softer fares.The budget carrier reported an adjusted profit per share of 43 cents, compared with analysts&#...Reuters
Wed, Jul 23
Stocks
AT&T Posts 6 Percent EPS Gain in Q2
Key Points- Adjusted EPS of $0.54 rose nearly 6% year-over-year and beat analyst expectations in Q2 2025.- Free cash flow (non-GAAP) increased 10% year-over-year to $4.4 billion in Q2 2025, enabling $1.0 billion in share repurchases in Q2 2025.- Business Wireline segment continued to post revenue de...The Motley Fool
Wed, Jul 23
Commodities
Puerto Rico ends $20 billion LNG contract talks with New Fortress Energy, Bloomberg News says
July 23 (Reuters) - Puerto Rico is ending talks to negotiate a $20 billion liquefied natural gas contract with New Fortress Energy NFE.O, Bloomberg News reported on Wednesday, citing a negotiator.New Fortress was unwilling to discuss changes to the contract and missed a key deadline, the report said...Reuters
Wed, Jul 23
Other
Selective Insurance Q2 net premiums rise
OverviewSelective Insurance Q2 net premiums written up 5% yr/yrGAAP combined ratio improves to 100.2% from 116.1% last yearNet income per share at $1.36, non-GAAP operating income at $1.31OutlookSelective sees full-year GAAP combined ratio of 97% to 98%Company expects after-tax net investment income...Reuters
Wed, Jul 23
Other
Regional lender Amerant Bancorp Q2 net income rises
OverviewAmerant Bancorp Q2 net income rises to $23 mln, EPS at $0.55Regional lender's net interest margin improves to 3.81%, reflecting better asset qualityProvision for credit losses drops 67% from previous quarterOutlookCompany remains focused on strategic growth in served marketsResult Driver...Reuters
Wed, Jul 23
Stocks
Netflix Continues to Dominate
In this podcast, Motley Fool host Anand Chokkavelu and contributors Jason Hall and Matt Frankel discuss:Netflix's beat and raise.Interest rate predictions for a year from now.Crypto Week's three bills, including the Genius Act. The best (and worst) big bank earnings.How they invest with their kids.S...The Motley Fool
Wed, Jul 23
Commodities
US extends cuts to minimum New York flight requirements through late 2026
By David Shepardson WASHINGTON, July 23 (Reuters) - The Federal Aviation Administration agreed on Wednesday to extend cuts to minimum flight requirements at congested New York City airports through October 2026, citing significant air traffic controller staffing shortages.Under minimum flight req...Reuters
Wed, Jul 23
Other
Waste Connections beats Q2 revenue estimates, maintains outlook
OverviewWaste Connections Q2 2025 revenue grows 7.1% yr/yr, beating analysts' expectationsAdjusted net income for Q2 rises to $333.1 mlnCo maintains full-year 2025 outlookOutlookWaste Connections maintains 2025 revenue outlook at $9.45 blnCompany expects 2025 adjusted EBITDA of $3.12 blnCapital ...Reuters
Wed, Jul 23
