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Elliott Management has commented on Southwest Airlines' revenue enhancement initiatives, stating that these efforts are more than a decade late. Elliott has engaged with Southwest's Board to discuss the necessary changes and aims to offer shareholders the chance to elect a new Board to improve performance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:04 pm

SPOT

Spotify Technology SA (NYSE:SPOT) hinted at potential future price hikes during its Q2 earnings call, following substantial increases in 2023 and 2024. Despite these hikes, Spotify added 7 million new subscribers in Q2 2024 and reported a revenue of €3.8 billion ($4.15 billion), marking a 20% YoY increase. The company also swung to a €266 million ($290 million) operating profit. CEO Daniel Ek and interim CFO Ben Kung attribute low churn rates to enhanced value and high engagement, particularly in developing markets. Spotify plans to launch a high-quality audio tier called HiFi, priced around $17-$18 per month.

Portfolio Pulse from Franca Quarneti

July 25, 2024 | 8:04 pm

DAIO

Data I/O (NASDAQ:DAIO) reported Q2 2024 GAAP EPS of $(0.09), missing the $(0.01) estimate by 800%. Sales were $5.062M, missing the $6.310M estimate by 19.78% and down 31.58% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:04 pm

FIBK

First Interstate BancSys (NASDAQ:FIBK) reported Q2 2024 adjusted earnings per share (EPS) of $0.58, surpassing the analyst consensus estimate of $0.55 by 5.45%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:03 pm

MGRC

McGrath RentCorp (NASDAQ:MGRC) reported Q2 2024 earnings per share (EPS) of $0.84, missing the analyst consensus estimate of $1.10 by 23.64%. However, the company reported sales of $212.6 million, beating the estimate of $210.234 million by 1.13%. This represents a 4.71% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:02 pm

BAFN

BayFirst Financial (NASDAQ:BAFN) reported a significant decrease in its Q2 earnings per share (EPS), dropping from $0.30 last year to $0.12 this year, marking a 60% decline.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:02 pm

BANR

Banner Corporation has announced a stock repurchase program for up to 1,722,787 shares.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:01 pm

RVSB

Riverview Bancorp (NASDAQ:RVSB) reported Q1 earnings of $0.05 per share, missing the analyst consensus estimate of $0.06 by 16.67%. This represents a 61.54% decrease from the $0.13 per share reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:01 pm

PVH

In the past three months, 13 analysts have provided ratings for PVH (NYSE:PVH), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $137.92, reflecting a 2.54% rise. Analysts have recently adjusted their ratings and price targets, with several raising their targets. Despite a 9.55% decline in revenue over the past three months, PVH maintains strong profitability and effective cost management.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 8:00 pm

TSLA

Former Speaker Nancy Pelosi endorsed San Francisco Supervisor Dean Preston, a move that could anger Elon Musk, who has previously criticized Preston. Musk has suggested Preston should be in prison and has considered financially supporting Preston's opponents. Pelosi's husband recently sold shares in Tesla (TSLA).

Portfolio Pulse from Chris Katje

July 25, 2024 | 8:00 pm