03:33 PM EDT, 08/09/2024 (MT Newswires) -- Piper Sandler noted Friday that Canopy Growth ( CGC ) reported Q1 Fiscal 2025 revenue and EBITDA below its estimates. Management reaffirmed its expectations to achieve positive adjusted EBITDA in the second half of FY25. Piper Sandler said while the first half of FY25 has minimal growth prospects, it models some improvement in...

03:35 PM EDT, 08/09/2024 (MT Newswires) -- Fastly (FSLY) said in a filing Thursday that it will cut its global workforce by about 11% as part of a restructuring plan to reduce expenses. The restructuring will cost an estimated $9.5 million to $10 million in Q3, primarily covering cash expenditures for severance payments, employee benefits, and related charges for layoffs,...

(Reuters) - Three executives of voting technology company Smartmatic have been charged with funneling $1 million in bribes to a former Philippine election official to secure the country's business, according to U.S. federal prosecutors in Florida. Smartmatic's president and co-founder, Roger Alejandro Pinate Martinez, 49, and two co-defendants were charged with foreign bribery and money laundering alongside a former chairman...

03:32 PM EDT, 08/09/2024 (MT Newswires) -- Buckle's (BKE) negative comparable store sales in July were likely due to certain issues within the company, including footwear declines, along with a softer retail environment, UBS said in a note emailed Friday. Comparable store sales in July fell 6.8% year over year, a deceleration from a decline of 5.7% in June, UBS...