Michele Bullock says more interest rate rises may be needed after the third interest rate hike in 2026 bringing the offical cash rate to 4.35%. The Reserve Bank governor says rate hikes to date won’t be able to stop fuel prices from driving up inflation and are instead aimed at cutting spending to stop broader prices from rising after the oil price spike ends RBA interest rates: Reserve Bank hikes...
Michele Bullock says more interest rate rises may be needed after the third interest rate hike in 2026 bringing the offical cash rate to 4.35%. The Reserve Bank governor says rate hikes to date won’t be able to stop fuel prices from driving up inflation and are instead aimed at cutting spending to stop broader prices from rising after the oil price spike ends RBA interest rates: Reserve Bank hikes official cash rate to 4.35% in blow to mortgage holders Continue reading...
FTSE 100 down 168 points to 10,196 HSBC falls on profits miss Vodafone takes full ownership of UK mobile JV 2.55pm: Wall Street opens higher, FTSE sinks lower US stocks have opened higher, led by Intel's 11% gain and other tech stocks. The Nasdsq has marched 0.9% higher, while...
FTSE 100 down 168 points to 10,196 HSBC falls on profits miss Vodafone takes full ownership of UK mobile JV 2.55pm: Wall Street opens higher, FTSE sinks lower US stocks have opened higher, led by Intel's 11% gain and other tech stocks. The Nasdsq has marched 0.9% higher, while...
Earnings Call Insights: Fabrinet (FN) Q3 fiscal 2026 Management View "We delivered an outstanding financial performance in the third quarter" with "Revenue... at a record $1.214 billion" and "Record non-GAAP EPS of $3.72" (CEO & Chairman Seamus Grady). "Telecom revenue" was "fueled by strong growth" and within it "data center interconnect revenue grew a robust 90% from a year ago and 38% from Q2" ...
Earnings Call Insights: Fabrinet (FN) Q3 fiscal 2026 Management View "We delivered an outstanding financial performance in the third quarter" with "Revenue... at a record $1.214 billion" and "Record non-GAAP EPS of $3.72" (CEO & Chairman Seamus Grady). "Telecom revenue" was "fueled by strong growth" and within it "data center interconnect revenue grew a robust 90% from a year ago and 38% from Q2" while "strong longer-term DCI growth trends remain firmly intact" (CEO & Chairman Grady). "Softer-than-expected Datacom revenue" reflected that "demand during the quarter far exceeded what we were able to ship" and "demand is outpacing the broader supply of certain components" (CEO & Chairman Grady). "We have successfully completed qualification and have already begun shipping 2 Datacom transceiver programs directly to a hyperscale customer" with "initial ramp starting in the fourth quarter" and "volumes" expected to "ramp steadily throughout fiscal 2027" (CEO & Chairman Grady). "We have made a minority investment in Raytek Semiconductor" to advance co-packaged optics, which management described as "an evolution from silicon photonics into more advanced packaging and integration solutions" (CEO & Chairman Grady). "Revenue of $1.214 billion exceeded our guidance range" and "Strong execution and FX revaluation tailwinds led to non-GAAP EPS of $3.72" (Executive VP & CFO Csaba Sverha). "In April, we completed a private placement of approximately $32 million for 20 million shares of Raytek... representing approximately a 14% position" and "The total purchase price of $11 million" for the Nava Nakorn facility "will be reflected in our fourth quarter financials" (Executive VP & CFO Sverha). Outlook "We expect total revenue to be in the range of $1.25 billion to $1.29 billion" and "we expect non-GAAP EPS to be in the range of $3.72 to $3.87" (Executive VP & CFO Sverha). "With Datacom growth expected to be more measured as we continue to navigate component availability" while "we ar...
Earnings Call Insights: Evolus (EOLS) Q1 2026 Management view "We started 2026 with strong momentum that carried over from the fourth quarter, resulting in our second consecutive quarter of positive adjusted EBITDA" (President, CEO & Director David Moatazedi). "We maintained our Jeuveau U.S. market share at 14% and delivered share gains with Evolysse" (President, CEO & Director Moatazedi). "To sta...
Earnings Call Insights: Evolus (EOLS) Q1 2026 Management view "We started 2026 with strong momentum that carried over from the fourth quarter, resulting in our second consecutive quarter of positive adjusted EBITDA" (President, CEO & Director David Moatazedi). "We maintained our Jeuveau U.S. market share at 14% and delivered share gains with Evolysse" (President, CEO & Director Moatazedi). "To start the year, we are tracking ahead of our operating profit assumptions, giving us the optionality to invest into growth-driving initiatives in the back half of the year" (President, CEO & Director Moatazedi). "With international growth on a steady rise, the upcoming launch of Estyme in Europe this quarter and additional pipeline milestones ahead, we believe this differentiated commercial structure positions us to scale efficiently" (President, CEO & Director Moatazedi). "For Q1, global net revenue was $73.1 million" and "reported gross margin in the first quarter was 67% and adjusted gross margin was 68%" (Chief Financial Officer Tatjana Mitchell). "We have recently terminated our at-the-market equity facility, which was never utilized, reinforcing our confidence in our current capital position" (CFO Mitchell). Outlook "We are reiterating our full year outlook and remain confident in our ability to deliver double-digit revenue growth and achieve full year adjusted EBITDA profitability in 2026" (President, CEO & Director Moatazedi). "Our full year 2026 outlook remains unchanged" with "total net revenue of $327 million to $337 million" and "a low to mid-single-digit adjusted EBITDA margin for the full year" (CFO Mitchell). "For the first half of 2026, our guidance implies high single-digit year-over-year growth for global Jeuveau revenue" and "We expect second quarter U.S. Jeuveau net revenue growth to more than offset the first quarter decline" (CFO Mitchell). Change vs. prior quarter language: management again kept 2026 ranges unchanged, while Q1 messaging emphasized "track...
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Alexander Shapovalov Tesla ( TSLA ) CEO Elon Musk has expressed confidence that the EU will soon approve the company’s “Full Self-Driving” (FSD) system, but emails from several European regulators reveal skepticism about the technology and safety benefits, according to a Reuters report. The Netherlands’ road authority, RDW, granted initial approval for Tesla’s “FSD (Supervised)” system in April. R...
Alexander Shapovalov Tesla ( TSLA ) CEO Elon Musk has expressed confidence that the EU will soon approve the company’s “Full Self-Driving” (FSD) system, but emails from several European regulators reveal skepticism about the technology and safety benefits, according to a Reuters report. The Netherlands’ road authority, RDW, granted initial approval for Tesla’s “FSD (Supervised)” system in April. RDW is now seeking EU approval for FSD with a key committee hearing scheduled for Tuesday. The regulators in the Netherlands, Sweden, Finland, Denmark and Norway—key players in the approval process—have raised multiple concerns about the technology, the report added, citing undisclosed email correspondence. The concerns include the system’s tendency to exceed speed limits, questions around its safety in icy conditions, and the ease with which drivers may bypass safeguards meant to restrict mobile phone usage, the report said. They also expressed frustration with Tesla’s ( TSLA ) strategy of publicly urging vehicle owners to put pressure on regulators to approve FSD. The EU committee will hear from Dutch officials on Tuesday, who will explain why they approved Tesla’s FSD and why other EU member states should follow their lead. For Tesla’s ( TSLA ) FSD system to secure approval, it must receive backing from committee members representing at least 55% of EU member states and 65% of the bloc’s population. The next committee meetings are expected to take place in July and October. Tesla’s ( TSLA ) EU market share has declined sharply in recent years with growing competition. Chinese EV makers like BYD ( BYDDF ) and legacy automakers such as Volkswagen ( VWAGY ) gained ground with newer models and aggressive pricing. More on Tesla Tesla's Robotaxi Opportunity Is Dead In Light Of Waymo's Dominance Tesla: The Future Is Promising, The Valuation Assumes It's Here Tesla: Disastrous Robotaxi Checkup Tesla revenue tied to Musk companies tops half a billion last year Tesla Semi finally b...
Alexander Shapovalov Tesla ( TSLA ) CEO Elon Musk has expressed confidence that the EU will soon approve the company’s “Full Self-Driving” (FSD) system, but emails from several European regulators reveal skepticism about the technology and safety benefits, according to a Reuters report. The Netherlands’ road authority, RDW, granted initial approval for Tesla’s “FSD (Supervised)” system in April. R...
Alexander Shapovalov Tesla ( TSLA ) CEO Elon Musk has expressed confidence that the EU will soon approve the company’s “Full Self-Driving” (FSD) system, but emails from several European regulators reveal skepticism about the technology and safety benefits, according to a Reuters report. The Netherlands’ road authority, RDW, granted initial approval for Tesla’s “FSD (Supervised)” system in April. RDW is now seeking EU approval for FSD with a key committee hearing scheduled for Tuesday. The regulators in the Netherlands, Sweden, Finland, Denmark and Norway—key players in the approval process—have raised multiple concerns about the technology, the report added, citing undisclosed email correspondence. The concerns include the system’s tendency to exceed speed limits, questions around its safety in icy conditions, and the ease with which drivers may bypass safeguards meant to restrict mobile phone usage, the report said. They also expressed frustration with Tesla’s ( TSLA ) strategy of publicly urging vehicle owners to put pressure on regulators to approve FSD. The EU committee will hear from Dutch officials on Tuesday, who will explain why they approved Tesla’s FSD and why other EU member states should follow their lead. For Tesla’s ( TSLA ) FSD system to secure approval, it must receive backing from committee members representing at least 55% of EU member states and 65% of the bloc’s population. The next committee meetings are expected to take place in July and October. Tesla’s ( TSLA ) EU market share has declined sharply in recent years with growing competition. Chinese EV makers like BYD ( BYDDF ) and legacy automakers such as Volkswagen ( VWAGY ) gained ground with newer models and aggressive pricing. More on Tesla Tesla's Robotaxi Opportunity Is Dead In Light Of Waymo's Dominance Tesla: The Future Is Promising, The Valuation Assumes It's Here Tesla: Disastrous Robotaxi Checkup Tesla revenue tied to Musk companies tops half a billion last year Tesla Semi finally b...
AudioCodes press release ( AUDC ): Q1 Non-GAAP EPS of $0.14 misses by $0.02 . Revenue of $62.1M (+2.8% Y/Y) beats by $0.6M . Quarterly Non-GAAP gross margin was 66.3%. Quarterly Non-GAAP operating margin was 7.7%. Net cash provided by operating activities was $12.8 million for the quarter. More on AudioCodes AudioCodes Q1 2026 Earnings Preview Gauzy regains Nasdaq compliance after board appointmen...
AudioCodes press release ( AUDC ): Q1 Non-GAAP EPS of $0.14 misses by $0.02 . Revenue of $62.1M (+2.8% Y/Y) beats by $0.6M . Quarterly Non-GAAP gross margin was 66.3%. Quarterly Non-GAAP operating margin was 7.7%. Net cash provided by operating activities was $12.8 million for the quarter. More on AudioCodes AudioCodes Q1 2026 Earnings Preview Gauzy regains Nasdaq compliance after board appointment Seeking Alpha’s Quant Rating on AudioCodes Historical earnings data for AudioCodes Dividend scorecard for AudioCodes
Kosmos Energy press release ( KOS ): Q1 GAAP EPS of -$0.45 misses by $0.47 . Revenue of $370.89M (+27.7% Y/Y) misses by $36.07M . Net Production: ~74,800 barrels of oil equivalent per day (boepd), up ~25% versus first quarter 2025. Production in Ghana averaged approximately 35,400 boepd net in the first quarter of 2026. Production in the Gulf of America averaged approximately 16,800 boepd net (~84...
Kosmos Energy press release ( KOS ): Q1 GAAP EPS of -$0.45 misses by $0.47 . Revenue of $370.89M (+27.7% Y/Y) misses by $36.07M . Net Production: ~74,800 barrels of oil equivalent per day (boepd), up ~25% versus first quarter 2025. Production in Ghana averaged approximately 35,400 boepd net in the first quarter of 2026. Production in the Gulf of America averaged approximately 16,800 boepd net (~84% oil) during the first quarter, in line with guidance. Production in Equatorial Guinea averaged approximately 16,000 bopd gross and 5,600 bopd net in the first quarter. Kosmos lifted 0.4 cargos from Equatorial Guinea during the quarter in line with guidance. More on Kosmos Energy Kosmos Energy: An O&G Company Still Priced For Disaster After A 180% Rally Kosmos Energy: Stay Away Until The Debt Issues Are Resolved Kosmos Energy Ltd. 2025 Q4 - Results - Earnings Call Presentation Kosmos Energy Q1 2026 Earnings Preview Kosmos Energy cut to Sell at Goldman after strong 2026 performance
Tugboat tows carcass of ‘leviathan proportions’ 20km from Era beach to Bellambi boat ramp, attracting sharks, says councillor demanding inquiry Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Fishers, surfers and divers say they should have been warned about the towing of a huge whale carcass along a 20km stretch of coast south of...
Tugboat tows carcass of ‘leviathan proportions’ 20km from Era beach to Bellambi boat ramp, attracting sharks, says councillor demanding inquiry Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Fishers, surfers and divers say they should have been warned about the towing of a huge whale carcass along a 20km stretch of coast south of Sydney, which resulted in increased shark activity. A Wollongong City councillor is demanding a review into the operation to remove the sperm whale from a remote beach in the Royal national park last week. Continue reading...
HSBC, Hong Kong’s largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business. Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billion, or 41 US cents per share, the London-based bank said in a Hong Kong stock exchange filing on Tue...
HSBC, Hong Kong’s largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business. Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billion, or 41 US cents per share, the London-based bank said in a Hong Kong stock exchange filing on Tuesday. The result missed the US$7.07 billion consensus estimate of 17 analysts polled by the...
LewisTsePuiLung BYD’s passenger vehicle sales declined for the eighth straight month in April, while domestic competitors Leapmotor and Zeekr achieved record monthly deliveries amid intensifying market competition. BYD said on Sunday it delivered 314,100 new-energy passenger vehicles last month - including battery electric and plug-in hybrid models - marking a 15.7% drop from a year earlier but a ...
LewisTsePuiLung BYD’s passenger vehicle sales declined for the eighth straight month in April, while domestic competitors Leapmotor and Zeekr achieved record monthly deliveries amid intensifying market competition. BYD said on Sunday it delivered 314,100 new-energy passenger vehicles last month - including battery electric and plug-in hybrid models - marking a 15.7% drop from a year earlier but a 6.2% increase compared with March. Overseas sales of passenger vehicles and pickup trucks, increasingly a source of growth for BYD, jumped 35% to 130,000 vehicles last month, according to Reuters calculations based on a Weibo post by BYD executive Li Yunfei. The company's export figures stood at 135,098 , according to a Hong Kong Stock Exchange filing. In comparison, Geely ’spremium EV brand Zeekr notched a fresh high in monthly sales with 31,787 units , representing a 131.6% year on year increase. NIO delivered 29,356 vehicles in April 2026, marking a 22.8% increase year-over-year, though volume cooled 17.3% sequentially from March’s record highs. More on BYD Co ADR BYD: Looking Forward To 2H26 Comebacks Amid New Models And Iterations BYD Tech Advances, Interest In Racing Are Clues To Further International Expansion BYD: Too Cheap To Ignore, Too Unclear To Buy China's BYD sales fall extends to 8th month as Q1 profit drops 55%: Will EV demand improve? BYD draws EU scrutiny over labor abuse allegations at Hungary factory: report
International Petroleum press release ( IPCFF ): Q1 average net production of approximately 43,000 boepd for the first quarter of 2026, at the high end of the guidance range for the period (52% heavy crude oil, 15% light and medium crude oil and 33% natural gas). Revenue of $173.01M (-3.1% Y/Y) beats by $1.97M . Operating costs per boe of USD 17.6 for Q1 2026, ahead of guidance. Operating cash flo...
International Petroleum press release ( IPCFF ): Q1 average net production of approximately 43,000 boepd for the first quarter of 2026, at the high end of the guidance range for the period (52% heavy crude oil, 15% light and medium crude oil and 33% natural gas). Revenue of $173.01M (-3.1% Y/Y) beats by $1.97M . Operating costs per boe of USD 17.6 for Q1 2026, ahead of guidance. Operating cash flowgeneration of MUSD 68 for Q1 2026, ahead of guidance. Capital and decommissioning expenditures of MUSD 71 for Q1 2026, in line with guidance. Free cash flowgeneration for Q1 2026 amounted to MUSD -17. Net result of MUSD 13 for Q1 2026. 2026 Annual Guidance Full year 2026 average net production guidance range maintained at 44,000 to 47,000 boepd. ( 1 ) Full year 2026 operating costs guidance range maintained at USD 18 to 20 per boe. ( 3 ) Full year 2026 OCF revised guidance estimated at between MUSD 220 and 340 (assuming Brent USD 70 to 90 per barrel for the remainder of 2026) from previous guidance of between MUSD 100 and 250 (assuming Brent USD 55 to 75 per barrel). ( 3 ) (4) Full year 2026 capital and decommissioning expenditures guidance forecast increased to MUSD 163, as a result of additional planned capital activities. Full year 2026 FCF revised guidance estimated at between MUSD 0 and 120 (assuming Brent USD 70 to 90 per barrel for the remainder of 2026) from previous guidance of between negative MUSD 70 and positive MUSD 85 (assuming Brent USD 55 to 75 per barrel). More on International Petroleum Corporation International Petroleum Corporation (IPCO:CA) Analyst/Investor Day Transcript International Petroleum Corporation (IPCO:CA) Analyst/Investor Day - Slideshow International Petroleum Corporation (IPCO:CA) Q4 2025 Earnings Call Prepared Remarks Transcript International Petroleum reports Q4 results; initiates FY26 outlook Historical earnings data for International Petroleum Corporation