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Freshworks to cut 11% jobs as AI reshapes software sector
May 5 (Reuters) - Freshworks FRSH.O said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by artificial intelligence.The cuts are the latest tied to AI in the software sector as companies race to automate w...Reuters
Tue, May 5
Match Q1 revenue beats expectations on the back of Hinge growth
OverviewDigital dating platform's Q1 revenue rose 4% yr/yr, beating analyst expectationsAdjusted EBITDA for Q1 rose 25% yr/yr as company improved operating disciplineCompany repurchased $60 mln in shares during the quarterOutlookMatch sees Q2 revenue of $850 mln to $860 mln, down 2% to flat Y/YC...Reuters
Tue, May 5
Devon Energy Q1 adjusted net income slightly beats
OverviewU.S. oil and gas producer's Q1 core EPS missed analyst expectations, adjusted net income slightly beatCompany repurchased $69 mln of shares, plans new buyback authorization over $5 bln post-mergerMerger with Coterra Energy expected to close on or around May 7, 2026OutlookDevon expects Q2...Reuters
Tue, May 5
Health Rounds: Researchers gain new insight into how psychedelics affect the brain
By Nancy Lapid May 5 (Reuters) - Hello Health Rounds readers! Psychedelic drugs have been in the news with U.S. President Donald Trump's executive order to speed access to research and treatments, and today we feature a study that delves into how they affect the mind. We also report on two mo...Reuters
Tue, May 5
DaVita lifts 2026 adjusted EPS outlook
OverviewU.S. dialysis provider's Q1 revenue rose, beating analyst expectationsAdjusted EPS for Q1 beat analyst expectationsCompany repurchased 3.0 mln shares during the quarterOutlookDaVita raises 2026 adjusted operating income guidance to $2.15 bln-$2.25 bln from $2.085 bln-$2.235 blnCompany li...Reuters
Tue, May 5
Emerson Q2 adjusted EPS beats estimates
OverviewAutomation solutions provider's fiscal Q2 revenue grew 3% but slightly missed analyst expectationsAdjusted EPS for fiscal Q2 rose 4% and beat analyst expectationsCompany says Middle East conflict impacted sales but demand remained resilient, led by Software & SystemsOutlookEmerson se...Reuters
Tue, May 5
Rubio says Israel-Lebanon peace deal is achievable but Hezbollah is a problem
By Steve Holland and Kanishka Singh WASHINGTON, May 5 (Reuters) - U.S. Secretary of State Marco Rubio said on Tuesday that peace between Israel and Lebanon was achievable but that the Lebanese militant group Hezbollah was a problem."By and large, I think a peace deal between Lebanon and Israe...Reuters
Tue, May 5
Mercury Systems Q3 revenue rises 11.5%, beats estimates
OverviewU.S. aerospace tech firm's fiscal Q3 revenue rose 11.5%, beating analyst expectationsAdjusted EBITDA for fiscal Q3 up 46.2%, beating analyst expectationsCompany reported record Q3 bookings and backlog, driven by strong demandOutlookCompany did not provide specific guidance for the curren...Reuters
Tue, May 5
Key Tronic Q3 revenue falls on lower legacy demand
OverviewU.S. electronics manufacturer reported preliminary fiscal Q3 revenue fell yr/yr on lower legacy demandAdjusted EPS for fiscal Q3 showed a loss, compared to a profit a year earlierCompany improved gross margin despite revenue decline, citing cost-cutting and operational efficiencyOutlookKey T...Reuters
Tue, May 5
Huron Consulting Q1 revenue rises; backs forecast
OverviewUS consulting firm's Q1 revenue rose Adjusted diluted EPS for Q1 rose 3% year-over-yearCompany repurchased $155.5 mln in shares, 6.5% of shares outstandingOutlookHuron affirms full-year 2026 revenue guidance of $1.78 bln to $1.86 blnCompany expects 2026 adjusted EBITDA margin of 14.5% to...Reuters
Tue, May 5
Live Nation Q1 revenue beats estimates on record fan demand
OverviewLive entertainment firm's Q1 revenue rose 12%, beating analyst expectationsAdjusted operating income for Q1 grew 9% to $371 mlnCompany posted operating loss due to $450 mln legal accrualOutlookLive Nation expects double-digit AOI growth for 2026 across concerts, ticketing, and sponsorshi...Reuters
Tue, May 5
Jacobs Solutions Q2 adjusted EPS beats estimates
OverviewU.S. engineering and consulting firm's fiscal Q2 gross revenue rose 27% yr/yrAdjusted EPS for fiscal Q2 beat analyst expectationsCompany completed PA Consulting acquisition and repurchased $220 mln in shares in Q2OutlookJacobs raises FY26 adjusted net revenue growth outlook to 8.0%-10.5%...Reuters
Tue, May 5
US says Mexico will address American airline access concerns in Mexico City
By David ShepardsonWASHINGTON, May 5 (Reuters) - The Mexican government has agreed to improve aviation access to Mexico City, U.S. Transportation Secretary Sean Duffy said on Tuesday, following months of discussions.In October, Duffy revoked approval for 13 routes by Mexican carriers into the United...Reuters
Tue, May 5
Alight Q1 revenue falls 2.6% but beats estimates
OverviewUS benefits administration provider's Q1 revenue fell 2.6% yr/yr but beat analyst expectationsAdjusted diluted EPS for Q1 dropped to $0.06 from $0.10 a year earlierRevenue decline driven by lower net commercial activity, partly offset by higher project revenueOutlookAlight expects Q2 202...Reuters
Tue, May 5
Arista Networks Q1 revenue beats estimates
OverviewU.S. data networking firm's Q1 revenue grew 35% yr/yr, beating analyst expectationsNon-GAAP diluted EPS for Q1 rose to $0.87 from $0.66 a year earlierCompany launched XPO optics for AI data centers, aiming to cut rack and floor space needsOutlookArista Networks expects Q2 2026 revenue of...Reuters
Tue, May 5
Carlsmed Q1 revenue jumps 58%, company raises 2026 outlook
OverviewUS medical technology firm's Q1 revenue rose 58% yr/yr to $16.1 mlnGross margin improved to 77.1% from 74.9% a year agoCompany raised 2026 revenue guidance to $72 mln-$77 mlnOutlookCarlsmed raises 2026 revenue guidance to $72 mln-$77 mlnResult DriversPRODUCT LAUNCHES - Co cited the first...Reuters
Tue, May 5
SLR Investment Q1 net investment income falls
OverviewUS specialty finance firm's Q1 net investment income fell yr/yr, NAV per share declined slightlyCompany declared Q1 distribution of $0.31 per share, portfolio credit quality remained stableBoard permanently reduced performance-based incentive fee and extended $50 mln share buyback progra...Reuters
Tue, May 5
Credit Acceptance Q1 adjusted EPS beats estimates
OverviewU.S. auto lender's Q1 adjusted EPS beat analyst expectationsAdjusted net income rose 2.2% yr/yr; consumer loan volume declined 4.3%Company repurchased 3.4% of shares for $178.9 mln in Q1OutlookCompany did not provide specific financial guidance for the current quarter or full yearResult ...Reuters
Tue, May 5
Emerson Q2 sales rise on software & systems strength, updates 2026 outlook
OverviewU.S. automation firm's fiscal Q2 net sales rose 3% yr/yr; adjusted EPS up 4%Company says sales were impacted by conflict in the Middle East, but margins exceeded expectationsEmerson updates 2026 outlook, plans to return ~$2.2 bln to shareholders via buybacks, dividendsOutlookEmerson sees...Reuters
Tue, May 5
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