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,...

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...

03:37 PM EDT, 08/09/2024 (MT Newswires) -- Eli Lilly and Company's ( LLY ) forecasting-beating Q2 results showed key GLP-1 drugs Mounjaro and Zepbound benefiting from increased pricing and a better balance between supply and demand, UBS Securities said Thursday in a report. Investor concerns should ease with management confident that pricing will be stable and increasingly positive on production...

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...