Globant reported Q1 adjusted EPS of $1.50, matching expectations, and revenue of $607.1 million, slightly above estimates. The company's AI Pods contributed significantly to growth, with annual recurring revenue reaching $32.8 million. Despite a slight decline in margins, Globant generated $36.1 million in free cash flow and repurchased $50 million in shares, announcing a new $125 million buyback plan. The company reaffirmed its FY26 guidance with a modest revenue range adjustment and expects continued growth driven by AI services. Several analysts lowered price targets, but shares rose 13% following the earnings release.
Former Goldman Sachs exec Chan Ahn highlights that Nasdaq's updated index-inclusion rules may lead to over $60 billion in institutional ETF buying of SpaceX shares soon after its IPO. This is due to a 'fast entry' rule allowing SpaceX to join the Nas...
Glancy Prongay Wolke & Rotter LLP has started a securities fraud investigation into Alphatec Holdings following the company's Q1 2026 earnings report, which missed revenue estimates and lowered its full-year outlook. Alphatec reported lower deliverie...
Revolution Medicines received FDA approval for an expanded access program for its pancreatic cancer drug, daraxonrasib, following positive Phase 3 trial results showing significant survival benefits. The drug demonstrated a median overall survival of...
SaintQuant has officially launched its AI-driven quantitative crypto trading platform, offering retail investors easy, no-code access to automated trading strategies. This launch coincides with Bitcoin surpassing $82,000 and record institutional infl...
SpaceX is expected to release its IPO prospectus soon, aiming to raise $70-75 billion and seek a valuation around $1.75 trillion, which would make it one of the most valuable public companies globally. The company's revenue is largely driven by Starl...
