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CORRECTED-Resideo Technologies Q1 revenue rises, adjusted EPS up
OverviewUS sensing and controls maker's preliminary Q1 revenue grew 8% yr/yrAdjusted EPS for preliminary Q1 rose 3% yr/yrCompany says growth driven by price realization and new product demandOutlookResideo re-affirms 2026 net revenue outlook of $7.8 bln to $7.9 blnCompany sees Q2 2026 net revenu...Reuters
Tue, May 12
Colombia's Ecopetrol posts 7.7% profit drop in Q1
BOGOTA, May 12 (Reuters) - Colombia's state oil producer Ecopetrol ECO.CN on Tuesday reported a 7.7% drop in net profit in the first three months of 2026 from a year earlier, landing at 2.89 trillion pesos ($768 million).The energy company's total sales for the January-March period came in a...Reuters
Tue, May 12
Brookfield Bancshares And First National Bank Of Brookfield Announce Execution Of Merger Agreement To Acquire NSTS Bancorp, And North Shore Trust And Savings
May 12 (Reuters) - NSTS Bancorp Inc NSTS.O:BROOKFIELD BANCSHARES, INC. AND FIRST NATIONAL BANK OF BROOKFIELD ANNOUNCE EXECUTION OF MERGER AGREEMENT TO ACQUIRE NSTS BANCORP, INC. AND NORTH SHORE TRUST AND SAVINGSNSTS BANCORP INC: TRANSACTION VALUED AT APPROXIMATELY $73.7 MILLIONNSTS BANCORP: FOLLOWIN...Reuters
Tue, May 12
Meta seeks to avoid EU fine with free WhatsApp access for rival AI chatbots
By Foo Yun CheeBRUSSELS, May 12 (Reuters) - Meta Platforms META.O has offered to give rival AI chatbots free access to its social messaging service WhatsApp for a month while it discusses ways to resolve EU antitrust concerns, the U.S. tech giant said on Tuesday, in a move that could stave off a hef...Reuters
Tue, May 12
Orchestra BioMed Q1 revenue falls and misses estimates
OverviewUS biomedical device maker's Q1 revenue declined and missed analyst expectationsNet loss widened yr/yr, reflecting higher R&D costs for clinical trialsCompany ended Q1 with $94.4 mln in cash and marketable securities, aided by new fundingOutlookCash runway projected into Q4 2027 and ...Reuters
Tue, May 12
Infinity Natural Resources Q1 Operating Expenses USD 89.539 Million
May 12 (Reuters) - Infinity Natural Resources Inc INR.N:INFINITY NATURAL RESOURCES INC Q1 OPERATING EXPENSES USD 89.539 MILLIONINFINITY NATURAL RESOURCES INC Q1 PRETAX PROFIT USD -6.691 MILLIONINFINITY NATURAL RESOURCES INC: REAFFIRMING 2026 CAPITAL PRODUCTION GUIDANCEReuters
Tue, May 12
Bolt Biotherapeutics Q1 revenue drops, net loss narrows
OverviewUS cancer immunotherapy developer's Q1 collaboration revenue fell sharply yr/yrNet loss for Q1 narrowed from prior year due to lower R&D and G&A expensesCash balance of $23.9 mln expected to fund operations into 2027OutlookInitial clinical data from BDC-4182 Phase 1/2 study expec...Reuters
Tue, May 12
American Integrity Insurance Q1 adjusted EPS beats estimates
OverviewFlorida property insurer's Q1 net premiums earned rose 26% yr/yr, driven by voluntary market growthAdjusted EPS for Q1 beat analyst expectationsCompany paid $20 mln special cash dividend in Q1OutlookCompany did not provide specific financial guidance for the current quarter or full yearR...Reuters
Tue, May 12
Atea Pharmaceuticals Q1 net loss widens on higher R&D spending
OverviewU.S. antiviral drug developer's Q1 net loss widened on higher R&D spending for HCV and HEV programsCompany ended Q1 with $256 mln in cash, down from $302 mln at year-endPhase 3 HCV trials and preclinical HEV candidate remain on track for key 2026 milestonesOutlookTopline results from...Reuters
Tue, May 12
Infinity Natural Resources Q1 net loss narrows
OverviewU.S. oil and gas producer's Q1 net daily production rose 88% after major acquisitionsQ1 net loss narrowed to $6.3 mln from $2.27 per share loss a year agoAdjusted EBITDAX grew 70% yr/yr, driven by higher production and acquisitionsOutlookInfinity reaffirms 2026 capital budget of $450 mln...Reuters
Tue, May 12
AnaptysBio's Q1 collaboration revenue falls, net loss widens
OverviewBiotech royalty manager's Q1 collaboration revenue declined yr/yr as Vanda license revenue fellNet loss widened in Q1 from prior year, reflecting higher G&A expenses and spin-off costsCompany announced $100 mln stock repurchase plan expiring Dec. 31, 2026OutlookAnaptysBio expects to ...Reuters
Tue, May 12
Musk Says SpaceX Is Considering Several Locations Domestically And Internationally To Build Advanced Spaceports
May 12 (Reuters) - MUSK: SPACEX IS CONSIDERING SEVERAL LOCATIONS DOMESTICALLY AND INTERNATIONALLY TO BUILD WORLD'S MOST ADVANCED SPACEPORTSSource text: https://tinyurl.com/5etn7w6cFurther company coverage: [ ]Reuters
Tue, May 12
Palisade Bio Q1 net loss widens on higher R&D costs
OverviewUS biopharma firm's Q1 net loss widened on higher R&D and administrative expensesCompany advanced PALI-2108 with positive Phase 1b data; Phase 2 trials planned for 2026-2027Company ended Q1 with $132.6 mln cash, expects funding to cover key clinical milestonesOutlookCompany expects t...Reuters
Tue, May 12
Kuwait says four people affiliated with Iran's IRGC arrested trying to enter by sea
DUBAI, May 12 (Reuters) - Kuwait's interior ministry said on Tuesday it had arrested four people affiliated with Iran's Revolutionary Guards who attempted to infiltrate the Gulf state by sea, the state news agency KUNA reported. Iran condemned Kuwait's arrest of four people, ...Reuters
Tue, May 12
Astronics beats Q1 sales estimates on strength in Aerospace segment, raises 2026 revenue outlook
OverviewU.S. aerospace technology supplier's Q1 sales grew 12%, beating analyst expectationsAdjusted EBITDA for Q1 rose 23% yr/yr, with margin expanding to 16.4%Company raised 2026 revenue guidance to $970 mln-$1 bln amid record backlogOutlookAstronics raises 2026 revenue guidance to $970 mln-$1...Reuters
Tue, May 12
Building products distributor QXO's Q1 revenue slightly misses expectations amid industry softness
OverviewFirm's Q1 revenue slightly missed analyst expectationsAdjusted diluted loss per share for Q1 was $0.12Company completed $2.25 bln Kodiak acquisition, announced $17 bln TopBuild dealOutlookQXO targets $50 bln in annual revenue within a decade through acquisitions and organic growthCompany...Reuters
Tue, May 12
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