Carvana posts a surprise first-quarter profit, Fastly stock sinks after the company issues guidance well below Wall Street estimates, and Peloton’s CEO is stepping down. Apple is scheduled to report fiscal second-quarter earnings after the closing bell Thursday.
Shares of business software provider Freshworks (NASDAQ: FRSH) fell 28.9% in the pre-market session after the company reported first-quarter results and provided full-year revenue guidance below expectations. The full year sales outlook was lowered to a range of $695.0 - $705.0m (vs. previous expectation of $703.5 - $711.5m). Additionally, it reported smaller net additions due to increased small-to-medium-sized business churn. The company also announced a leadership change, with Founder and Chie
Q1 2024 Freshworks Inc Earnings Call