(RTTNews) - Stocks have moved mostly higher during trading on Friday, extending the strong upward move seen over the course of the previous session. With the continued advance, the Nasdaq and the S&P 500 have reached new record intraday highs.
(RTTNews) - Stocks have moved mostly higher during trading on Friday, extending the strong upward move seen over the course of the previous session. With the continued advance, the Nasdaq and the S&P 500 have reached new record intraday highs.
Earnings Call Insights: Emergent BioSolutions (EBS) Q1 2026 Management View "We reported first quarter revenue of $156 million... Adjusted EBITDA came in at $36 million... representing a 23% margin" (CEO, President & Director Joseph Papa). "In April, we announced the refinancing of our prior term loan, which enabled us to secure a more favorable interest rate" and "we also continued our share repu...
Earnings Call Insights: Emergent BioSolutions (EBS) Q1 2026 Management View "We reported first quarter revenue of $156 million... Adjusted EBITDA came in at $36 million... representing a 23% margin" (CEO, President & Director Joseph Papa). "In April, we announced the refinancing of our prior term loan, which enabled us to secure a more favorable interest rate" and "we also continued our share repurchase program, buying back $9 million in shares in the first quarter" (CEO Papa). "Overall, MCM performed very well" and "our international markets... now represent 37% of our total MCM revenue"; on naloxone, "we continue to maintain the share leadership" and "recently launched... the NARCAN Nasal Spray carrying case and a multipack configuration" (CEO Papa). "Our new strategic partnership with Substipharm Biologics enables us to restart the manufacturing of the Canton facility to support the Japanese encephalitis vaccine" and "just yesterday, we announced a second strategic manufacturing partnership with SAB Biotherapeutics" (CEO Papa). "We started fiscal year 2026 with a strong first quarter with revenue exceeding the top end of our guidance" (Executive VP & CFO Richard Lindahl). Outlook "We are maintaining our full year total revenue guidance of $720 million to $760 million" (CFO Lindahl). "We are updating our adjusted EBITDA guidance... and we, therefore, expect full year adjusted EBITDA to be in the range of $155 million to $175 million" (CFO Lindahl). "For the second quarter, we expect total revenue to be between $170 million and $185 million" (CFO Lindahl). "Commercial revenues are expected to be flat to slightly up with volume offsetting anticipated price adjustments, and we expect NARCAN to maintain its leading market share" and "MCM revenues are consistent with prior guidance of flat to slightly down with a significant contribution from international sales" (CFO Lindahl). Financial Results "Total revenue for the first quarter of 2026 was $156 million" and "adjust...
stockcam/iStock Unreleased via Getty Images Reddit, Inc. ( RDDT ) reported stellar numbers that beat on top and bottom lines, so I wanted to take a look in more detail and update my small position that became a bit larger on the open, as I picked up more shares. My view remains the same. I think the company will perform even better in the future, and a lot closer to the other advertising juggernau...
stockcam/iStock Unreleased via Getty Images Reddit, Inc. ( RDDT ) reported stellar numbers that beat on top and bottom lines, so I wanted to take a look in more detail and update my small position that became a bit larger on the open, as I picked up more shares. My view remains the same. I think the company will perform even better in the future, and a lot closer to the other advertising juggernaut I mentioned in my previous article. Since my first article in January, the company’s share price has declined by over 30%, which is a blessing for long-term investors like me who are still accumulating shares. By the Numbers Let’s take a look at Reddit's top-line performance . We can see revenues came in at around $663m, which is up a whopping 69% y/y, and beat analysts’ estimates by close to $54m. This revenue growth is above what the company guided earlier, which was 52%-54% . That is considerably above early estimates, which tells us that the company’s rapid monetization is ramping up, as Daily Active Uniques increased by only 17%, with Ad revenue playing the biggest role here, increasing a whopping 74% y/y to $625m. In terms of regional performance, the U.S. continues to be the top revenue generator, growing 67% to $526m, but International grew 76% to $138m. If this momentum continues, I am expecting the International segment to be a proper growth driver. Looking at the company’s profitability and efficiency, gross margin improved 100bps to 91.5%. Adjusted EBITDA came in at $266m, which is higher by $151m compared to the prior year. Net income margin improved to 30.7% from 6.7%. Q1 GAAP EPS came in at $1.01, which beat estimates by a whopping 45 cents. That is a big surprise to the upside. Let’s take a look at the company’s financial situation. RDDT finished Q1 ’26 with $1.37B in cash and equivalents, as well as $1.39B in marketable securities against no meaningful debt, apart from some operating lease liabilities. RDDT continues to be flush with cash, and even its ca...
US President Donald Trump (L) shakes hands with British Prime Minister Keir Starmer as they speak to reporters after meeting during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada on June 16, 2025. Brendan Smialowski | Afp | Getty Images U.K. goods exported to the U.S. plunged around 25% following President Donald Trump 's "liberation day" tar...
US President Donald Trump (L) shakes hands with British Prime Minister Keir Starmer as they speak to reporters after meeting during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada on June 16, 2025. Brendan Smialowski | Afp | Getty Images U.K. goods exported to the U.S. plunged around 25% following President Donald Trump 's "liberation day" tariff blitz and have remained muted since, official data shows. Goods exports to the United States, excluding precious metals, fell by £1.5 billion, or 24.7%, following the introduction of tariffs, the Office for National Statistics (ONS) said Friday. The statistics body added that car exports from the U.K. to the States have also fallen since then and now languish below pre-tariff levels in the 12 months since April 2025. While U.K. exports of goods have stayed low, imports of goods increased at the start of 2026, leading to a trade deficit with the country's largest trading partner for three months in a row. Last year, the U.K. became the first country to secure a trade deal with the Trump administration after the president's so-called liberation day tariffs were unveiled, which upended global markets in turn. The terms of the deal included a 10% blanket tariff on goods imported to the United States. That put an end to the zero-tariff trade environment for exporters on both sides of the Atlantic and slapped new duties onto Scotch whisky and other spirits sent to America from Britain. This week, Trump announced he would drop all tariffs on Scotch whisky "in honor" of King Charles III and Queen Camilla, following their state visit. watch now VIDEO 1:13 01:13 Pres. Trump scraps Scotch whisky tariffs ‘in honor’ of King Charles Squawk Box Though the Scotch whisky industry employs around 40,000 people in Scotland and accounts for 23% of all Scottish goods exports in 2025, that alone will not be enough to repair the overall British deficit. "The US remains the UK's largest export ...
Nicolae Popescu/iStock via Getty Images Google parent Alphabet ( GOOG ) is crushing its revenue estimates, and the engine doesn’t look like it will slow any time soon. That was one takeaway of GOOG’s Q1, as the tech giant reported double-digit revenue growth for the 11 th consecutive quarter . GOOG also upped its guidance for CAPEX to the +$180B to +$190B range from +$175B to $185B previously. The...
Nicolae Popescu/iStock via Getty Images Google parent Alphabet ( GOOG ) is crushing its revenue estimates, and the engine doesn’t look like it will slow any time soon. That was one takeaway of GOOG’s Q1, as the tech giant reported double-digit revenue growth for the 11 th consecutive quarter . GOOG also upped its guidance for CAPEX to the +$180B to +$190B range from +$175B to $185B previously. The hike follows clear realization from its heavy investment spending. No doubt investors are likely expecting the double-digit growth rates in revenues to continue. In my last analysis on GOOG in early February following Q4 results, I highlighted the spending in more detail and I opined that shares were a continued ‘hold.’ The stock has since gained about 15% since that update. This outpaces the 6% gain in the broader S&P 500 ( SPY ) over the same period. Seeking Alpha - GOOG Share Price Performance Since Last Author Update Today, with shares at new highs and at what I view as a fair multiple for its prospects, I continue to view the stock as a ‘hold’ and would prefer for a more attractive entry point before initiating new positioning. GOOG Q1 Results Recap GOOG’s Q1 was a beautiful start to its fiscal year, in my view. Toplines climbed 22% YOY, and this marked the company’s 11th straight quarter of double-digit growth. Overall net income, meanwhile, popped 81% to +$62.6B. The headline numbers were impressive on their own, but what stood out most was where the growth is coming from, and how clearly it ties back to AI investment. GOOG Q1 Earnings Presentation - Snapshot Of Operating Performance Search & Other revenue rose 19% as AI Overviews, AI Mode, and Gemini integrations drove higher engagement and more queries. In addition, YouTube ads grew 11%, while subscriptions had their strongest quarter ever, pushing total paid subscriptions to 350M across YouTube and Google One. The real moneymaker, however, was Cloud . Google Cloud revenue exploded 63% to over +$20B for the first ...
The US stock market is rising towards more records on Friday after Apple, Estee Lauder and other big companies became the latest to deliver fatter profits for the start of the year than analysts expected. Modest dips for oil prices also helped to steady the relatively few stock markets open worldwide on the May Day holiday. The S&P 500 rose 0.6 per cent and added to its all-time high set the day b...
The US stock market is rising towards more records on Friday after Apple, Estee Lauder and other big companies became the latest to deliver fatter profits for the start of the year than analysts expected. Modest dips for oil prices also helped to steady the relatively few stock markets open worldwide on the May Day holiday. The S&P 500 rose 0.6 per cent and added to its all-time high set the day before. The Dow Jones Industrial Average was up 226 points, or 0.5 per cent, as of 9.35am Eastern...
scanrail/iStock via Getty Images Shares of Universal Display ( OLED ) surged about 9% on Friday after the company said second-quarter revenue would be sequentially higher and the second half of the year would be stronger than the first half. However, Universal lowered its full-year revenue guidance, and the company's first-quarter results missed analysts' estimates. The company lowered its full-ye...
scanrail/iStock via Getty Images Shares of Universal Display ( OLED ) surged about 9% on Friday after the company said second-quarter revenue would be sequentially higher and the second half of the year would be stronger than the first half. However, Universal lowered its full-year revenue guidance, and the company's first-quarter results missed analysts' estimates. The company lowered its full-year revenue outlook range to $630M to $670M (midpoint at $650M) from its prior forecast range of $650M to $700M. The consensus revenue estimate is $664.70M. Universal's CFO Brian Millard said on the earnings call that, "the operating environment has become more challenging over the past few months. Near-term visibility has declined as macro pressures weigh on consumer demand assumptions, while higher memory pricing and supply constraints continue to temper end market expectations. Based on current forecast, we expect second quarter revenue to be sequentially higher than the first quarter, and we continue to expect the second half of the year to be stronger than the first half. At the same time, given reduced near-term visibility and the evolving macro backdrop, we believe it is prudent to revise our full year revenue guidance range to $630 million to $670 million from our prior guidance range of $650 million to $700 million." In addition, the company said that on April 28, its board authorized management to buy back up to an additional $400M in common stock. Universal noted that it bought back 632,673 common shares for $66.4M during the three months ended March 31. During this period, and inclusive of such purchases, the company completed its share repurchase program authorized in April 2025. Universal repurchased a total of 923,883 shares worth about $100M. Oppenheimer kept its Outperform rating but lowered the price target on Universal's stock to $130 from $160. "UDC navigates a more challenging 1H26 with reduced visibility, mid/low-end smartphone exposure to memory cost p...
Drew Angerer/Getty Images News OpenAI ( OPENAI ) CFO Sarah Friar said during an interview with Bloomberg that the mega startup continues to meet objectives and see skyrocketing demand for its products despite a report earlier this week claiming otherwise. "We feel like we're beating our plan at the highest level," she said, according to Bloomberg . "How we get there often moves around period to pe...
Drew Angerer/Getty Images News OpenAI ( OPENAI ) CFO Sarah Friar said during an interview with Bloomberg that the mega startup continues to meet objectives and see skyrocketing demand for its products despite a report earlier this week claiming otherwise. "We feel like we're beating our plan at the highest level," she said, according to Bloomberg . "How we get there often moves around period to period, because this is still a young business that is not perfectly forecastable across every single metric." The Wall Street Journal reported earlier this week that OpenAI has fallen short of revenue and user growth projections, missing its 2025 revenue target for ChatGPT and failing to reach its goal of 1B weekly users by year's end. That report prompted a share price drop among some of OpenAI's largest investors, such as SoftBank ( SFTBY )( SFTBF ), which owns about 11% of the startup. However, Friar refuted the allegations, adding that OpenAI is " going up a vertical wall of demand right now." "If we're in places where we're not hitting like targets, at the moment, I would actually say it's a lack of compute that often is the thing that's slowing us down to some degree," she said in the interview. OpenAI is facing heightened competition from rivals, such as Anthropic ( ANTHRO ) and Google ( GOOG )( GOOGL ). All of these companies are investing in the AI infrastructure buildout at a breakneck pace. At the same time, OpenAI CEO Sam Altman and OpenAI President Greg Brockman are currently embroiled in a federal trial against Tesla ( TSLA ) and SpaceX ( SPACE ) CEO Elon Musk. Musk, a co-founder of OpenAI, is suing the company for allegedly manipulating him into investing in the AI startup as a non-profit project, only to later convert it into a for-profit entity. More on OpenAI and SoftBank Group Wall Street Lunch: UAE Blindsides Oil Market With OPEC Exit Plan Wall Street Lunch: OpenAI Loosens Exclusivity In Revised Microsoft Pact SoftBank Group: Positives And Negatives Offse...
As cities emptied on the eve of Russia’s full-scale invasion, artist Zhanna Kadyrova’s defiant concrete sculpture began its odyssey to this year’s festival On a perfect spring day in Paris, the deer is first visible in the distance, poised between an avenue of just-budding plane trees in the 7th arrondissement. Its head is raised, its body poised. Seen there among the trees, it really could be a w...
As cities emptied on the eve of Russia’s full-scale invasion, artist Zhanna Kadyrova’s defiant concrete sculpture began its odyssey to this year’s festival On a perfect spring day in Paris, the deer is first visible in the distance, poised between an avenue of just-budding plane trees in the 7th arrondissement. Its head is raised, its body poised. Seen there among the trees, it really could be a wild animal. In reality, it is a concrete deer, and not even a particularly naturalistic one, since it has the distinct look of origami about it. The sculpture is a play of scale and weight, as if feather-light folded paper has been enlarged and transformed into heavy concrete. The deer is strapped to a flat-bed truck, and it is being driven into the grand modernist headquarters of Unesco, the UN agency that looks after heritage, culture and education. It will stand there for a day in its gardens, with Alexander Calder’s Spirale for company and the Eiffel Tower as a backdrop. It is the last stop on a long overland journey across eastern, central and western Europe before it crosses the Venetian lagoon and docks in Venice for the 2026 art biennale, where, from this month, it will be the most prominent component of Ukraine’s national pavilion. Continue reading...
Atlassian (NASDAQ: TEAM) stock exploded 22.6% higher through 10:15 a.m. ET Friday after crushing on its fiscal Q3 2026 earnings report last night. Heading into the quarter, analysts had forecast the IT specialist to earn $0.98 per share, non-GAAP, on sales of $1.6 billion. In fact, Atlassian earned $1.75 per share on sales of $1.8 billion. Image source: Getty Images. Continue reading
Atlassian (NASDAQ: TEAM) stock exploded 22.6% higher through 10:15 a.m. ET Friday after crushing on its fiscal Q3 2026 earnings report last night. Heading into the quarter, analysts had forecast the IT specialist to earn $0.98 per share, non-GAAP, on sales of $1.6 billion. In fact, Atlassian earned $1.75 per share on sales of $1.8 billion. Image source: Getty Images. Continue reading
Apology comes after head of Met police said Green party leader risked undermining public confidence in his officers Zack Polanski has apologised for sharing a social media post critical of police after the Golders Green stabbings, after the head of the Metropolitan police said the Green leader risked undermining public confidence in his officers. Polanski, who leads the Greens in England and Wales...
Apology comes after head of Met police said Green party leader risked undermining public confidence in his officers Zack Polanski has apologised for sharing a social media post critical of police after the Golders Green stabbings, after the head of the Metropolitan police said the Green leader risked undermining public confidence in his officers. Polanski, who leads the Greens in England and Wales, said he was sorry for having shared someone else’s post “in haste”. Continue reading...
Bo Shen/iStock Editorial via Getty Images Introduction Incyte Corporation (NASDAQ: INCY ) is a biopharmaceutical company, and its stock has moved a lot in the last twelve months, mostly because of the success of its main product, Jakafi. But the company is becoming stronger, with the development of new products that are focused on hematology, oncology, inflammation, and autoimmunity therapeutic ar...
Bo Shen/iStock Editorial via Getty Images Introduction Incyte Corporation (NASDAQ: INCY ) is a biopharmaceutical company, and its stock has moved a lot in the last twelve months, mostly because of the success of its main product, Jakafi. But the company is becoming stronger, with the development of new products that are focused on hematology, oncology, inflammation, and autoimmunity therapeutic areas. The company is still very dependent on one product, and its patent cliff will happen in 2028, but Incyte has been investing heavily in R&D to develop new products to offset this loss. After the price going up about 58% in the last twelve months while revenue was up "only" 21% YoY, and with Jakafi being responsible for 71% of net sales in 2025, I rate INCY as a hold for now. Seeking Alpha Strong Numbers, But Concentration Remains When I look at the numbers Incyte had in 2025 , what first got my attention was the amount of cash the company is currently holding, about $3.6 billion, compared to $2.2 billion in 2024, but I think it's even more impressive for a company with a market cap of roughly $19 billion without any financial debt. Also, revenue is up 21% YoY, which would be great news if 71% of net sales were not coming from one single product that loses its patent in 2028. Jakafi is both a strength and a weakness right now, but the good news is that net sales ex-Jakafi grew 53% compared to 2024. Besides that, revenue CAGR was 14.5% over the last four years, while net sales increased 20% YoY at a 17% CAGR since 2021, which I see as a solid result. Incyte IR I think it's also important to mention all the investment in R&D, which grew 8% on an ongoing basis and is now close to $2 billion. I see this as an important sign that the company is heavily investing in new products, but because of all the cash the company has and no financial debt to pay, Incyte doesn't face the same pressure that other companies do. Q1'26 results were released this week, and total revenue and ne...
The artificial intelligence boom is entering a new phase. For the past two years, investors obsessed over GPUs, data centers, and power consumption. But agentic AI — systems that can reason, plan, and act independently — is changing the equation. These models don’t just need compute. They need enormous amounts of fast memory constantly available ... The AI Gold Rush Just Hit a New Layer: Here’s Wh...
The artificial intelligence boom is entering a new phase. For the past two years, investors obsessed over GPUs, data centers, and power consumption. But agentic AI — systems that can reason, plan, and act independently — is changing the equation. These models don’t just need compute. They need enormous amounts of fast memory constantly available ... The AI Gold Rush Just Hit a New Layer: Here’s Why Sandisk Is Printing Money