Tower Semiconductor Ltd reported a fiscal second-quarter 2024 revenue decline of 1.7% year-on-year to $351.2 million, beating the analyst consensus estimate of $350.1 million. The Israel-based contract chipmaker's adjusted EPS of $0.53 beat the analyst consensus estimate of $0.45. Gross profit was $86.9 million, up 0.5% Y/Y. The margin improved by 53 bps to 24.8%. Operating profit of $55.1 million climbed 9% Y/Y. The company...

08:23 AM EDT, 07/24/2024 (MT Newswires) -- Stock Yards Bancorp ( SYBT ) reported Q2 net income Wednesday of $0.94 per diluted share, unchanged from a year earlier. Analysts surveyed by Capital IQ expected $0.84. Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $85.7 million, up from $83.8...

ROME, July 24 (Reuters) - A Leonardo plant in southern Italy will avoid a temporary closure caused by knock-on effects of the crisis faced by Boeing ( BA ), unions said on Wednesday, contrary to what the Italian aerospace and defence group had announced a month ago. The change of plan for the Grottaglie site was announced by the leadership...

08:30 AM EDT, 07/24/2024 (MT Newswires) -- PROG Holdings ( PRG ) reported Q2 adjusted earnings Wednesday of $0.92 per diluted share, unchanged from $0.92 a year earlier. Analysts polled by Capital IQ expected $0.74. Revenue for the quarter ended June 30 was $592.2 million compared with $592.8 million a year earlier. Analysts surveyed by Capital IQ expected $573.2 million....