TripAdvisor press release ( TRIP ): Q1 Non-GAAP EPS of -$0.11 misses by $0.04 . Revenue of $382.4M (-3.9% Y/Y) misses by $2.29M . Adjusted EBITDA for the first quarter was $22.1 million, or 5.8% of revenue. More on TripAdvisor Tripadvisor: Activist Pressure Supports Our Upside Outlook Tripadvisor: A Focus On Experiences Won't Stop The Bleeding Tripadvisor, Inc. 2025 Q4 - Results - Earnings Call Pr...
TripAdvisor press release ( TRIP ): Q1 Non-GAAP EPS of -$0.11 misses by $0.04 . Revenue of $382.4M (-3.9% Y/Y) misses by $2.29M . Adjusted EBITDA for the first quarter was $22.1 million, or 5.8% of revenue. More on TripAdvisor Tripadvisor: Activist Pressure Supports Our Upside Outlook Tripadvisor: A Focus On Experiences Won't Stop The Bleeding Tripadvisor, Inc. 2025 Q4 - Results - Earnings Call Presentation TripAdvisor Q1 2026 Earnings Preview Travel agents’ decline highlights uneven impact of tech disruption, Stripe Economics' says
CoreWeave (NASDAQ: CRWV) has one of the boldest AI infrastructure stories in the market, with major contracts from companies like Meta (NASDAQ: META) and Anthropic, supporting a significant growth runway. But its debt-fueled expansion creates a major test for investors: can deman
CoreWeave (NASDAQ: CRWV) has one of the boldest AI infrastructure stories in the market, with major contracts from companies like Meta (NASDAQ: META) and Anthropic, supporting a significant growth runway. But its debt-fueled expansion creates a major test for investors: can deman
Aurinia Pharma press release ( AUPH ): Q1 GAAP EPS of $0.25 beats by $0.05 . Revenue of $77.7M (+24.4% Y/Y) beats by $0.72M . Net Product Sales: For the three months ended March 31, 2026, net product sales of LUPKYNIS, the first FDA-approved oral therapy for the treatment of adult patients with active lupus nephritis, were $73.6 million, up 23% from $60.0 million in the same period of 2025. Licens...
Aurinia Pharma press release ( AUPH ): Q1 GAAP EPS of $0.25 beats by $0.05 . Revenue of $77.7M (+24.4% Y/Y) beats by $0.72M . Net Product Sales: For the three months ended March 31, 2026, net product sales of LUPKYNIS, the first FDA-approved oral therapy for the treatment of adult patients with active lupus nephritis, were $73.6 million, up 23% from $60.0 million in the same period of 2025. License, Collaboration and Royalty Revenue: For the three months ended March 31, 2026, license, collaboration and royalty revenue from Aurinia’s collaboration partner, Otsuka, was $4.1 million, up 64% from $2.5 million in the same period of 2025. Aurinia reiterates its guidance for 2026 total revenue of $315 million to $325 million, up 11% to 15% compared to 2025, and 2026 net product sales of $305 million to $315 million, up 12% to 16% compared to 2025. More on Aurinia Pharma Aurinia Pharmaceuticals: New Management, Continued Lupkynis Performance Aurinia Pharmaceuticals: Waiting For Another Opportunity (Downgrade) Aurinia Pharmaceuticals Inc. (AUPH) Q4 2025 Earnings Call Transcript Aurinia Pharmaceuticals acquiring Kezar Life Sciences Aurinia Pharmaceuticals appoints Kevin Tang as CEO
Marc Benioff has run Salesforce (NYSE: CRM) since 1999, and he has given no signal he intends to leave. Yet 26 years into his tenure as co-founder, board chair, and chief executive, the question of what happens without him is worth asking. Why Benioff Matters More Than a Typical Software CEO Benioff is a category-defining ... Beyond Benioff: Is Salesforce Ready for Life Without Its Founder?
Marc Benioff has run Salesforce (NYSE: CRM) since 1999, and he has given no signal he intends to leave. Yet 26 years into his tenure as co-founder, board chair, and chief executive, the question of what happens without him is worth asking. Why Benioff Matters More Than a Typical Software CEO Benioff is a category-defining ... Beyond Benioff: Is Salesforce Ready for Life Without Its Founder?
Dragos Condrea/iStock via Getty Images This is the quarter that Palantir ( PLTR ) transitions from relying on potential to building evidence. After this quarter, the narrative moves from proving the existence of demand for AI to proving the possibility of making AI into the operational layer that actually deploys AI at scale. This changes everything. I'm still very bullish on Palantir although no ...
Dragos Condrea/iStock via Getty Images This is the quarter that Palantir ( PLTR ) transitions from relying on potential to building evidence. After this quarter, the narrative moves from proving the existence of demand for AI to proving the possibility of making AI into the operational layer that actually deploys AI at scale. This changes everything. I'm still very bullish on Palantir although no longer as an undiscovered opportunity. The upside now depends less on adoption and more on whether Palantir can sustain control of the orchestration layer as AI infrastructure commoditizes. The Earnings Update That Actually Matters What mattered about the financial performance was not the 85% growth in revenues but rather the operating model behind the performance. Palantir managed to achieve an impressive $925 million in adjusted free cash flows off $1.63 billion in sales, indicating that the company achieved a margin of 57%, while continuing to hire and invest in technologies. Such an operating approach is rare. Most software firms growing at breakneck speed continue to forego profits in favor of maintaining growth momentum. Palantir does the exact opposite. Yet more importantly, the firm reported adjusted operating profits of $984 million indicating that its revenues continue to benefit from exceptionally high margins. Palantir's Business Update Q1 Yet oddly enough, as I reflect on this Q1 earning call I feel the urge to talk about Palantir's ability to control the critical components of the AI infrastructure as opposed to the business working. While it was obvious during the earnings beat, the focus of the company's management on governance, orchestration and the "no-slop zone" makes me think that Palantir is looking to position itself as an execution layer for enterprise AI, not just a software layer. Why The Ontology Still Sits At The Center I still believe Ontology lies at the heart of the whole story. What I mean by that is that the easiest mistake is to consider On...
Dragos Condrea/iStock via Getty Images This is the quarter that Palantir ( PLTR ) transitions from relying on potential to building evidence. After this quarter, the narrative moves from proving the existence of demand for AI to proving the possibility of making AI into the operational layer that actually deploys AI at scale. This changes everything. I'm still very bullish on Palantir although no ...
Dragos Condrea/iStock via Getty Images This is the quarter that Palantir ( PLTR ) transitions from relying on potential to building evidence. After this quarter, the narrative moves from proving the existence of demand for AI to proving the possibility of making AI into the operational layer that actually deploys AI at scale. This changes everything. I'm still very bullish on Palantir although no longer as an undiscovered opportunity. The upside now depends less on adoption and more on whether Palantir can sustain control of the orchestration layer as AI infrastructure commoditizes. The Earnings Update That Actually Matters What mattered about the financial performance was not the 85% growth in revenues but rather the operating model behind the performance. Palantir managed to achieve an impressive $925 million in adjusted free cash flows off $1.63 billion in sales, indicating that the company achieved a margin of 57%, while continuing to hire and invest in technologies. Such an operating approach is rare. Most software firms growing at breakneck speed continue to forego profits in favor of maintaining growth momentum. Palantir does the exact opposite. Yet more importantly, the firm reported adjusted operating profits of $984 million indicating that its revenues continue to benefit from exceptionally high margins. Palantir's Business Update Q1 Yet oddly enough, as I reflect on this Q1 earning call I feel the urge to talk about Palantir's ability to control the critical components of the AI infrastructure as opposed to the business working. While it was obvious during the earnings beat, the focus of the company's management on governance, orchestration and the "no-slop zone" makes me think that Palantir is looking to position itself as an execution layer for enterprise AI, not just a software layer. Why The Ontology Still Sits At The Center I still believe Ontology lies at the heart of the whole story. What I mean by that is that the easiest mistake is to consider On...
David Tran/iStock Editorial via Getty Images Introduction Per my February article , Amazon ( AMZN ) is rather old for negative free cash flow (“FCF”). We now have a tremendous amount of new information including the 2025 letter to shareholders and the 1Q26 earnings release . Yes, it is unusual for a mature company like Amazon to go negative FCF but Amazon is not a typical company. My thesis is tha...
David Tran/iStock Editorial via Getty Images Introduction Per my February article , Amazon ( AMZN ) is rather old for negative free cash flow (“FCF”). We now have a tremendous amount of new information including the 2025 letter to shareholders and the 1Q26 earnings release . Yes, it is unusual for a mature company like Amazon to go negative FCF but Amazon is not a typical company. My thesis is that agentic AI is great for AWS. Agentic AI doesn’t just increase hyperscale cloud demand, it shifts where value accrues within the stack, structurally favoring AWS. In the world of AI, it is important to understand the harness, the agent and the LLM but these inventions can seem abstract without an analogy. Suppose a chef named Bob needs to make a pasta dish. Bob is the agent. He holds the goal of finishing the dish, sequences the work, and remembers what he's already done. Bob’s cooking intuition is the LLM, guiding what he does at each step. The kitchen, including the stove, ingredients, and utensils, is the harness. For Amazon, Bedrock and AgentCore are the harness or the kitchen in our analogy. At AWS, AgentCore is where the agent runs while Bedrock provides access to the underlying models. Bedrock Bedrock gives AWS customers choices and flexibility. I think of Bedrock as a giant resort. Instead of driving around the area to places like restaurants, gift shops and spas, customers can do business in all these areas in a single building and then pay a single bill when checking out of the resort. Anthropic’s Claude has been part of the set of models on Bedrock for some time now and OpenAI is finally joining the set. This is a key consideration for Bedrock, it gives customers choices. They can run a Claude model on Monday and then run a model from someone else on Tuesday. Bedrock has both stateless and stateful optionality. Focusing on agents, Amazon CEO Andy Jassy says stateful AI systems are the future. A chatbot is mainly stateless. The user asks a question, it answers an...
David Tran/iStock Editorial via Getty Images Introduction Per my February article , Amazon ( AMZN ) is rather old for negative free cash flow (“FCF”). We now have a tremendous amount of new information including the 2025 letter to shareholders and the 1Q26 earnings release . Yes, it is unusual for a mature company like Amazon to go negative FCF but Amazon is not a typical company. My thesis is tha...
David Tran/iStock Editorial via Getty Images Introduction Per my February article , Amazon ( AMZN ) is rather old for negative free cash flow (“FCF”). We now have a tremendous amount of new information including the 2025 letter to shareholders and the 1Q26 earnings release . Yes, it is unusual for a mature company like Amazon to go negative FCF but Amazon is not a typical company. My thesis is that agentic AI is great for AWS. Agentic AI doesn’t just increase hyperscale cloud demand, it shifts where value accrues within the stack, structurally favoring AWS. In the world of AI, it is important to understand the harness, the agent and the LLM but these inventions can seem abstract without an analogy. Suppose a chef named Bob needs to make a pasta dish. Bob is the agent. He holds the goal of finishing the dish, sequences the work, and remembers what he's already done. Bob’s cooking intuition is the LLM, guiding what he does at each step. The kitchen, including the stove, ingredients, and utensils, is the harness. For Amazon, Bedrock and AgentCore are the harness or the kitchen in our analogy. At AWS, AgentCore is where the agent runs while Bedrock provides access to the underlying models. Bedrock Bedrock gives AWS customers choices and flexibility. I think of Bedrock as a giant resort. Instead of driving around the area to places like restaurants, gift shops and spas, customers can do business in all these areas in a single building and then pay a single bill when checking out of the resort. Anthropic’s Claude has been part of the set of models on Bedrock for some time now and OpenAI is finally joining the set. This is a key consideration for Bedrock, it gives customers choices. They can run a Claude model on Monday and then run a model from someone else on Tuesday. Bedrock has both stateless and stateful optionality. Focusing on agents, Amazon CEO Andy Jassy says stateful AI systems are the future. A chatbot is mainly stateless. The user asks a question, it answers an...
Matt Cardy/Getty Images News BAE Systems ( BAESF ) ( BAESY ) said Thursday it remains on course to deliver annual earnings growth of 9% to 11%, supported by sustained demand as geopolitical tensions, including the Iran conflict, continue to lift defense spending. The U.K.-based contractor, which produces Typhoon fighter jets, nuclear submarines, and naval vessels, reported a solid start to 2026. I...
Matt Cardy/Getty Images News BAE Systems ( BAESF ) ( BAESY ) said Thursday it remains on course to deliver annual earnings growth of 9% to 11%, supported by sustained demand as geopolitical tensions, including the Iran conflict, continue to lift defense spending. The U.K.-based contractor, which produces Typhoon fighter jets, nuclear submarines, and naval vessels, reported a solid start to 2026. It also supplies a wide range of equipment to its largest customer, the United States, including space and satellite systems, combat vehicles, and munitions. The company pointed to a worsening global security environment as a key driver of its outlook, noting that governments are allocating more resources to defense in response to rising threats. BAE Systems’ order backlog has nearly doubled since Russia’s invasion of Ukraine in 2022, while its shares have climbed close to 300% over that period, reflecting expectations for sustained military spending, particularly among NATO countries. Looking ahead, the company expects new business across multiple segments, including space technologies, missile and air defense systems, as well as drone and counter-drone capabilities. In the U.K., however, clarity on future domestic spending priorities remains pending. The government, which has committed to its largest increase in defense spending since World War II, has yet to release a detailed investment plan after months of delay. More on BAE Systems plc BAE Systems: Europe's Defense Boom Still Isn't Fully Priced In BAE Systems: Dangerous Valuation In 2026E, Despite Geopolitical Implications BAE Systems plc (BAESY) Q4 2025 Earnings Call Transcript Zelenskiy calls for European missile shield as Ukraine seeks faster air defense options Defense giants secure $1.84B Andromeda deal to boost space surveillance
John M. Chase/iStock Unreleased via Getty Images Previous Coverage I originally covered CDW Corporation ( CDW ) in July of last year, when the stock was trading for about $180 per share and appeared to be minimally overvalued. Additionally though, the company boasted a weak long-term expected rate of return, and as such I rated the stock a Sell, which turned out to be the right call. Since my init...
John M. Chase/iStock Unreleased via Getty Images Previous Coverage I originally covered CDW Corporation ( CDW ) in July of last year, when the stock was trading for about $180 per share and appeared to be minimally overvalued. Additionally though, the company boasted a weak long-term expected rate of return, and as such I rated the stock a Sell, which turned out to be the right call. Since my initial write-up the broad market, as measured by the SPDR S&P 500 ETF Trust ( SPY ), has posted a robust return of almost 17%, while CDW has struggled mightily and is down nearly 40% during that time period. The company announced their Q1 2026 earnings recently and the stock sank more than 20% post the earnings release. Due to this drastic price decline I thought now would be an ideal time to revisit the stock, dive into the earnings call, and provide a new fair value estimate based on new free cash flow numbers. Data by YCharts Q1 2026 Earnings As mentioned above, CDW Corporation recently announced their Q1 2026 earnings with normalized earnings per share of $2.28, which came in just below the consensus of $2.29, on revenue of $5.68B which exceeded analyst expectations by roughly $200M, and was a year-over-year increase of more than 9%. Earlier this year the company announced a realignment in their reporting with segments consisting of Commercial (clients), Government, Education, and Other (which consists of CDW UK and CDW Canada). We'll examine the Commercial segment first which, within it, has three divisions, Corporate which makes up the bulk of this segment's revenue, Financial Services, and Healthcare. Corporate revenue came in at $2.37B, a solid increase of $184.3M, or 8.4%, relative to Q1 2025. The Financial Services portion of the business saw the largest jump in revenue, more than 28%, rising $94.3M to close out the quarter at $428.4M, while the Healthcare division earned a nearly 5% increase and had sales of $766.7M for the quarter. These results were driven by netw...
Hertz Global Holdings press release ( HTZ ): Q1 Non-GAAP EPS of -$0.72 in-line. Revenue of $2B (+10.5% Y/Y) beats by $100M . Revenue totaled $2.0 billion in the first quarter, up 11% year over year, Hertz's strongest year-over-year revenue growth in three years, driven by continued progress in its commercial strategies. Year-over-year Revenue per Unit (RPU) and Revenue Per Day ( RPD ) metrics cont...
Hertz Global Holdings press release ( HTZ ): Q1 Non-GAAP EPS of -$0.72 in-line. Revenue of $2B (+10.5% Y/Y) beats by $100M . Revenue totaled $2.0 billion in the first quarter, up 11% year over year, Hertz's strongest year-over-year revenue growth in three years, driven by continued progress in its commercial strategies. Year-over-year Revenue per Unit (RPU) and Revenue Per Day ( RPD ) metrics continued improving sequentially, with RPD delivering a 5.5% increase Shares -4% PM. More on Hertz Global Holdings Sell Both Avis And Hertz Before The Car Rental Euphoria Ends Hertz: 4 Reasons To Ignore The Short Squeeze Hertz: I Remain Neutral As Fundamentals Lag The Price Move Hertz Global Holdings Q1 2026 Earnings Preview Spirit Airlines collapse leaves travelers scrambling, rivals offer rescue fares and refund options
Trainer Don Charles guarantees Daniel Dubois' team will not be hosting a party before Saturday's fight against WBO heavyweight champion Fabio Wardley in Manchester.
Trainer Don Charles guarantees Daniel Dubois' team will not be hosting a party before Saturday's fight against WBO heavyweight champion Fabio Wardley in Manchester.
Arko Corp. press release ( ARKO ): Q1 GAAP EPS of -$0.07. Revenue of $1.77M. Adjusted EBITDA for the quarter increased 65.1% to $50.9 million compared to $30.9 million. Same-store merchandise sales excluding cigarettes increased approximately 0.4%, representing the strongest ex-cigarette performance in two years. Merchandise margin for the quarter increased to 33.9% compared to 33.2%. More on Arko...
Arko Corp. press release ( ARKO ): Q1 GAAP EPS of -$0.07. Revenue of $1.77M. Adjusted EBITDA for the quarter increased 65.1% to $50.9 million compared to $30.9 million. Same-store merchandise sales excluding cigarettes increased approximately 0.4%, representing the strongest ex-cigarette performance in two years. Merchandise margin for the quarter increased to 33.9% compared to 33.2%. More on Arko Corp. Arko Corp. (ARKO) Presents at 47th Annual Raymond James Institutional Investor Conference - Slideshow Arko Corp. (ARKO) Q4 2025 Earnings Call Transcript Arko reports mixed Q4 results; introduces FY26 outlook Arko Petroleum prices IPO at $18 per share Seeking Alpha’s Quant Rating on Arko Corp.
Ardmore Shipping press release ( ASC ): Q1 Non-GAAP EPS of $0.58. Revenue of $87.92M (+18.8% Y/Y). As of March 31, 2026, the Company had $283.7 million in liquidity available, with cash and cash equivalents of $47.2 million (December 31, 2025: $46.8 million) and amounts available and undrawn under its revolving credit facilities of $236.5 million (December 31, 2025: $225.4 million). More on Ardmor...
Ardmore Shipping press release ( ASC ): Q1 Non-GAAP EPS of $0.58. Revenue of $87.92M (+18.8% Y/Y). As of March 31, 2026, the Company had $283.7 million in liquidity available, with cash and cash equivalents of $47.2 million (December 31, 2025: $46.8 million) and amounts available and undrawn under its revolving credit facilities of $236.5 million (December 31, 2025: $225.4 million). More on Ardmore Shipping Ardmore Shipping: If Returns Don't Improve, A Takeover Is The Best Path (Downgrade) Ardmore Shipping Corporation (ASC) Analyst/Investor Day - Slideshow Ardmore Shipping Corporation (ASC) Analyst/Investor Day Transcript Ardmore Shipping Q1 2026 Earnings Preview Seeking Alpha’s Quant Rating on Ardmore Shipping
Laurene Powell Jobs, founder and president, Emerson Collective, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. Patrick T. Fallon | Afp | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to...
Laurene Powell Jobs, founder and president, Emerson Collective, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. Patrick T. Fallon | Afp | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Investment firms of ultra-wealthy families stepped up their deal-making in April after a slowdown the month prior triggered by the outbreak of the Iran war. Family offices made 55 direct investments in companies last month, up from 39 in March according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. Nearly a third of April's investments were made in healthcare and life sciences companies. Laurene Powell Jobs' Emerson Collective, her investment and philanthropy firm, joined fundraises for two startups, a seed round for Ultralight and a Series A round for Stipple Bio. Ultralight, an artificial intelligence software platform for personalized healthcare, raised $9.3 million in seed funding from Emerson Collective and other investors. Stipple Bio, a developer of targeted cancer therapies, raised $100 million in the round, which was co-led by Andreessen Horowitz. Family offices' healthcare investments are often inspired by personal experience. Emerson Collective's investment in Stipple Bio was managed by Yosemite, an oncology-focused venture fund founded by Reed Jobs, Powell Jobs' son with Steve Jobs. The Apple co-founder died in 2011 from complications of pancreatic cancer. Also in April, Dolby Family Ventures joined a 53 million euro ($62 million) Series B round for Exciva, a developer of treatments for agitation in Alzheimer's patients. The impact-driven family office was founded by David Dolby in 2014, about a year after his father, billionaire engineer Ray Dolby, died of complications ...
(RTTNews) - FMC Corporation (FMC), an agricultural sciences company, Thursday announced that it has agreed to sell FMC India Private Limited to Crystal Crop Protection Limited, a crop solutions company in India for $252 million.
(RTTNews) - FMC Corporation (FMC), an agricultural sciences company, Thursday announced that it has agreed to sell FMC India Private Limited to Crystal Crop Protection Limited, a crop solutions company in India for $252 million.
Myers press release ( MYE ): Q1 Non-GAAP EPS of $0.44 beats by $0.16 . Revenue of $164.58M (+1.8% Y/Y) misses by $44.72M . Operating Income Margin and Adjusted EBITDA Margin Expanded 450 bps and 420 bps Year-over-year Respectively. Free Cash Flow of $23.9 Million, up 28.5% vs Fourth Quarter Cash flow from operations was $26.7 million, free cash flow was $23.9 million, and capital expenditures were...
Myers press release ( MYE ): Q1 Non-GAAP EPS of $0.44 beats by $0.16 . Revenue of $164.58M (+1.8% Y/Y) misses by $44.72M . Operating Income Margin and Adjusted EBITDA Margin Expanded 450 bps and 420 bps Year-over-year Respectively. Free Cash Flow of $23.9 Million, up 28.5% vs Fourth Quarter Cash flow from operations was $26.7 million, free cash flow was $23.9 million, and capital expenditures were $2.8 million. Net debt as defined by the credit agreement was reduced by $18.3 million with a net leverage ratio of 2.2x. More on Myers Myers Industries: Growth In Industrial And Infrastructure Supports Margins, But Premium Valuation Myers Industries, Inc. (MYE) Q4 2025 Earnings Call Transcript Myers Industries, Inc. 2025 Q4 - Results - Earnings Call Presentation Myers Industries outlines 2026 transformation priorities and targets 3% CapEx of sales while emphasizing margin expansion Myers Non-GAAP EPS of $0.31 beats by $0.08, revenue of $203.97M beats by $1.57M