May 1 (Reuters) - Emergent BioSolutions ( EBS ) said on Wednesday that it would cut about 300 jobs across all areas of the company and shut down several manufacturing facilities as part of a restructuring plan. Emergent has been seeking to cut costs and pivot away from its contract manufacturing business due to sluggish demand. It cut its workforce...

04:33 PM EDT, 05/01/2024 (MT Newswires) -- Gildan Activewear ( GIL ) -- which has moved in recent days to refresh its board and said interest remains in buying it out --- after trade Wednesday reported a first quarter earnings and revenues beat, while reconfirming recent guidance. It reported adjusted diluted EPS of US$0.59, up 31% on a year earlier...

May 1 (Reuters) - Monolithic Power Systems ( MPWR ) forecast current-quarter revenue above estimates on Wednesday due to strong demand for its power control modules and hardware used in artificial intelligence applications. Shares of the Kirkland, Washington-based company rose about 1% in trading after the bell. Analysts expect Monolithic Power ( MPWR ), which makes power control modules used...

May 1 (Reuters) - Etsy ( ETSY ) missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its online marketplace. WHY IS IT IMPORTANT? Despite Etsy ( ETSY ) ramping up spending over the past quarters on promotions and advertising, it struggled to...