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MannKind Q1 revenue rises 15% but swings to net loss
OverviewUS biopharma firm's Q1 revenue rose 15% yr/yr, driven by royalties and Furoscix salesCompany posted Q1 net loss of $16.6 mln, compared to profit in prior yearOperating expenses rose sharply due to Furoscix acquisition and expanded commercial activitiesOutlookCompany expects Afrezza pedia...Reuters
Wed, May 6
JPMorgan tried to settle sexual assault claims before lawsuit, spokesperson says
May 6 (Reuters) - JPMorgan Chase JPM.N tried to reach a settlement with a former investment banker before he filed a lawsuit recently making sexual assault and harassment claims, a bank spokesperson said on Wednesday.The largest U.S. bank offered $1 million to settle the allegations, the Wall Street...Reuters
Wed, May 6
Skyward Specialty Insurance Q1 premiums rise 9.9%, combined ratio improves
OverviewUS specialty insurer's Q1 gross written premiums rose 9.9% yr/yrNet income and diluted EPS increased from prior year periodCombined ratio improved to 89.5% from 90.5%OutlookCompany did not provide specific guidance for future quarters or the full yearResult DriversAPOLLO ACQUISITION - Co...Reuters
Wed, May 6
LegalZoom beats Q1 revenue estimates on subscription growth, lifts FY revenue forecast
OverviewUS online legal services firm's Q1 revenue rose 13%, beating analyst expectationsQ1 adjusted net income missed analyst estimates; adjusted EBITDA slightly beat consensusCompany completed $43.5 mln in share repurchases during the quarterOutlookLegalZoom raises full-year revenue outlook to...Reuters
Wed, May 6
Vanda Pharma Q1 revenue misses estimates, lifts 2026 outlook
OverviewUS biopharma firm's Q1 revenue rose 3% yr/yr but missed analyst expectationsFanapt sales jumped 26% yr/yr, while HETLIOZ sales fell 24%Company raised 2026 revenue guidance to $240-$290 mln, citing NEREUS launchOutlookVanda raises full-year 2026 revenue guidance to $240-$290 mlnCompany ex...Reuters
Wed, May 6
Doordash Reports Q1 Revenue Of $4.04 Bln
May 6 (Reuters) - DoorDash Inc DASH.O:DOORDASH Q1 REVENUE $4.04 BILLION VERSUS IBES ESTIMATE $4.14 BILLIONDOORDASH Q1 EPS $0.42Q1 EARNINGS PER SHARE VIEW $0.36 -- LSEG IBES DATADOORDASH Q1 MARKETPLACE GOV $31.60 BILLIONDOORDASH: CONTINUE TO EXPECT DELIVEROO TO CONTRIBUTE ABOUT $200 MILLION TO ADJUST...Reuters
Wed, May 6
Fortinet raises annual revenue forecast
May 6 - Fortinet FTNT.O raised its full-year revenue forecast on Wednesday, signaling that demand for cybersecurity tools is stabilizing as businesses prioritize protecting their networks from sophisticated threats.The cybersecurity firm expects full-year revenue to range between $7.71 billion and $...Reuters
Wed, May 6
Alpha Teknova Q1 revenue rises, beats estimates
OverviewU.S. reagents producer's Q1 2026 revenue grew 13%, beating analyst expectationsCompany reaffirmed 2026 revenue guidance of $42-44 mlnGross margin improved to 34.2% from 30.7%, driven by higher revenueOutlookAlpha Teknova reaffirms 2026 revenue guidance of $42-44 mlnCompany expects 2026 F...Reuters
Wed, May 6
Betting giant Flutter overhauls management at US FanDuel unit
DUBLIN, May 6 (Reuters) - Betting giant Flutter FLUT.N made major management changes at its U.S. FanDuel brand on Wednesday, saying FanDuel CEO Amy Howe had left the company and that Flutter veteran Dan Taylor would oversee the U.S. business in a new, beefed-up role.The changes come a little over tw...Reuters
Wed, May 6
Snap's quarterly revenue rises, daily active users return to growth
May 6 (Reuters) - Snap SNAP.N said on Wednesday its first-quarter revenue rose 12% on the back of resilient advertising spending and that its number of daily active users returned to growth, driven by markets outside of North America and Europe.The Snapchat parent, squeezed between dominant platform...Reuters
Wed, May 6
CSG Systems Q1 revenue rises 4.8%, adjusted EPS up 20% on SaaS demand
OverviewU.S. billing software provider's Q1 revenue rose 4.8% yr/yr, driven by SaaS solutionsAdjusted EPS for Q1 increased 20% yr/yrOutlookCompany expects merger with NEC to close by end of 2026, pending regulatory approvalsResult DriversSaaS SOLUTIONS - Co said revenue growth was mainly driven ...Reuters
Wed, May 6
Arcutis Q1 product revenue rises 65% yr/yr, net loss narrows
OverviewUS dermatology drugmaker's Q1 product revenue rose 65% yr/yr but fell 17% sequentiallyCompany posted Q1 net loss of $11.3 mln, or $0.09 per share, improving yr/yrMaintained positive operating cash flow and advanced pipeline with new regulatory filingsOutlookCompany continues to expect 20...Reuters
Wed, May 6
Cirrus Logic Q4 revenue and adjusted EPS beat estimates on smartphone-driven demand
OverviewUS mixed-signal chipmaker's fiscal Q4 revenue and adjusted EPS beat analyst expectationsCompany cites strong smartphone demand and higher PC sales for record FY26 resultsCompany reports strong yr/yr growth in PC business and expanded general market portfolioOutlookCirrus Logic expects Q1...Reuters
Wed, May 6
DoorDash forecasts quarterly order value above estimates
May 6 (Reuters) - DoorDash DASH.O on Wednesday forecast second-quarter marketplace gross order value above analysts' estimates, helped by resilient demand and the online delivery firm's expansion across grocery, retail and international markets.The company also beat estimates for quarterly a...Reuters
Wed, May 6
Arm forecasts upbeat revenue on surging AI data center demand
Arm forecasts Q1 adjusted EPS of 40 cents vs est 36 centsArm's chip designs favored for energy efficiency in AI data centersShares have surged over 91% in 2026, as of Tuesday close May 6 (Reuters) - Arm Holdings O9Ty.F, ARM.O forecast first-quarter revenue above Wall Street expectations on We...Reuters
Wed, May 6
Warner Bros Discovery's streaming growth accelerates on global HBO Max push
May 6 (Reuters) - Warner Bros Discovery's WBD.O streaming unit posted a better-than-expected quarterly revenue growth on Wednesday, as HBO Max's expansion overseas boosted subscriber growth and engagement.The company reported a bigger first-quarter net loss of $2.92 billion, including a $2.8...Reuters
Wed, May 6
EXCLUSIVE-US aims for Fourth of July to deploy Qatar-gifted jet as Air Force One
Gift from Qatar sparks criticism over conflict of interest; Trump dismissed concernsJet retrofitted with security upgrades, now being painted after modification and flight testingOfficial Air Force One replacements delayed to 2028, Boeing faces cost overruns and leadership changesBy Mike Stone WA...Reuters
Wed, May 6
Horse racing-Derby winner Golden Tempo to skip Preakness, ending Triple Crown bid
By Rory Carroll May 6 (Reuters) - Kentucky Derby winner Golden Tempo will skip the Preakness Stakes to give the colt more time to recover from his dramatic victory at Churchill Downs, trainer Cherie DeVaux said on Wednesday, ending hopes of a Triple Crown winner this year.Golden Tempo, a longshot...Reuters
Wed, May 6
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