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Clear Channel Outdoor reported accelerating second-quarter results with 8.7% revenue growth and 11.6% EBITDA growth as it prepares for its acquisition by Mubadala Capital at $2.43 per share.
PureCycle Technologies reported second-quarter results showing its first branded products on store shelves through a partnership with Procter & Gamble, though the company posted significant losses.
Red Violet reported second-quarter revenue growth of 23% to $26.7 million and nearly doubled net income to $5 million, while signing record customer additions and raising $109 million through a public offering.
Outback Steakhouse is closing two locations as parent company Bloomin’ Brands continues a multi-year turnaround strategy amid industry challenges from rising beef prices.
Scrubs & Beyond, a specialty clothing retailer with over 115 stores across 30 states, is closing its entire physical store chain and transitioning to a digital-only business model.
Bank of America projects investment banking fees will decline over 10% in the third quarter from the prior year, with trading revenue remaining flat, prompting a 5% decline in the bank’s shares.
