The cybersecurity firm reported $0.16 adjusted EPS and $387.1M revenue, beating estimates and lifting full-year guidance. Rubrik Inc (RBRK) posted first-quarter adjusted earnings of $0.16 per share, reversing a $0.53 loss estimate, as revenue surged 39% year-over-year to $
The tech giant will issue new shares to fund AI infrastructure and tax obligations, marking a shift from debt financing. Alphabet announced an $80 billion equity raise, including a $10 billion private placement with Berkshire Hathaway, $15 billion in convertible preferred
BAC research note argues AI’s eventual economic contribution may exceed today’s near-zero GDP impact by tenfold. Bank of America analysts contend that artificial intelligence’s current contribution to economic growth is negligible, rounding to nearly zero in GDP data. The
Starbucks reports 6% global comparable sales growth while Chipotle logs its first negative comp sales year in over two decades. Starbucks delivered 6.2% global comparable store sales growth in Q2 FY2026, with North America comps up 7.1% and operating income surging 21.9% t
The logistics firm raised its asset-based unit margin outlook after stronger pricing and fuel surcharge benefits drove April results above expectations. ArcBest increased its second-quarter operating margin guidance for its asset-based unit, including ABF Freight, by 200 b
Shares fell 4.9% despite Q1 revenue and EPS surpassing estimates, as full-year guidance aligned with consensus. DocuSign reported Q1 fiscal 2027 revenue of $830.2 million, up 9% year-over-year and above the $823.23 million estimate. Adjusted EPS reached $1.09, beating the
Elon Musk’s combined holdings in SpaceX and Tesla reach $1.168 trillion at SpaceX’s $135 IPO price, per filings. SpaceX’s upcoming IPO values Elon Musk’s 42% stake at $866.5 billion, based on a fixed $135 share price for 555.5 million shares. The offering aims to raise $75
TCAI gains reflect rising investment in utilities and optical networking as AI data centers drive electricity demand growth. The Tortoise AI Infrastructure ETF (TCAI) has climbed 85% year to date, driven by holdings in companies addressing power and cooling bottlenecks for
Apple Inc. (NASDAQ:AAPL) could unlock significant earnings growth from artificial intelligence initiatives without incurring the massive infrastructure spending seen elsewhere in the technology sector, according to analysts at Bernstein ahead of the company’s annual Worldwide...<
Canada Post parcel volumes fell 17.2% in Q1 Canada Post parcel volumes declined 17.2% in the first quarter, resulting in a $147.5 million pre-tax loss. The decline in parcel volumes was partly due to a protracted labor dispute that included two strikes and other work
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