Financial News Archive

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TWO
TWO Harbors adjourns shareholder meeting on CCM acquisition to June 11, 2026

Two Harbors Investment Corp. postponed its special stockholder meeting to June 11 to continue proxy solicitation efforts for CrossCountry Mortgage's $...

PagerDuty,
PagerDuty Q1 FY2027 revenue up 1% YoY to $121M; announces $100M buyback

PagerDuty reported first quarter fiscal 2027 revenue of $121 million with flat ARR at $496 million while achieving fourth consecutive quarter of GAAP ...

Pebblebrook
Pebblebrook Hotel Trust completes $43.5M sale of Chamberlain West Hollywood Hotel

Pebblebrook Hotel Trust sold the 115-room Chamberlain West Hollywood Hotel for $43.5 million on May 27, 2026, achieving a 14.5x EBITDA multiple. The c...

Asana,
Asana Q1 FY2027 revenue beats guidance; acquires StackAI for AI workflow capabilities

Asana reported Q1 revenue of $205.1M (+9.5% YoY) exceeding guidance with record operating margins and announced the acquisition of StackAI to expand A...

RCI
RCI Hospitality reports Q2 2026 revenue growth despite impairment charges

RCI Hospitality Holdings reported 2Q26 revenues of $68.7M, up 4.2% YoY, with non-GAAP EPS of $0.78 versus $0.65, though GAAP EPS turned negative due t...

HOST
HOST Hotels amends $600M ATM distribution agreement and updates S-3 registration

HOST Hotels & Resorts amended its May 2023 distribution agreement with eight financial institutions, updating the registration statement and modifying...

MongoDB,
MongoDB Q1 FY2027 revenue $687.6M +25% YoY, raises full-year guidance

MongoDB reported first quarter fiscal 2027 revenue of $687.6 million, up 25% year-over-year, with Atlas revenue growing over 29%, and returned to prof...

Elastic
Elastic reports Q4 revenue of $451M, up 16% YoY; FY26 revenue $1.739B, up 17%

Elastic exceeded guidance across key metrics in fiscal 2026, with Q4 revenue growth of 16% YoY and strong subscription revenue increases of 17-19% dep...

Nextpower
Nextpower acquires Prevalon Energy for up to $365M to enter BESS market

Nextpower agreed to acquire Prevalon Energy, a battery energy storage specialist with 6 GWh deployed globally, to expand its solar platform into BESS ...

PENN
PENN Entertainment amends credit agreement to reduce margin and extend Term B maturity.

PENN Entertainment executed a Fourth Amendment to its credit facility on May 28, 2026, reducing the Applicable Margin on Term B Facility Loans and ext...

CLOROX
Clorox CEO Linda Rendle to step down; board initiates comprehensive search

Chair and CEO Linda Rendle announced she will step down for health reasons following the appointment of a new CEO, whom the board will search for comp...

GSI
GSI Technology adopts 2027 Variable Compensation Plan effective April 1, 2026

GSI Technology has implemented a new variable compensation plan for select executive employees with payouts based on net SRAM revenues, APU revenue ta...

Okta,
Okta reports Q1 FY2027 revenue growth of 11% YoY to $765M

Okta announced first quarter fiscal 2027 results with 11% revenue growth, 16% RPO growth, and $271M free cash flow, demonstrating strong execution in ...

HEALTHEQUITY,
HealthEquity Q1 FY2027 net income up 29%, raises guidance, authorizes $1B buyback

HealthEquity reported Q1 net income of $69.4M (+29% YoY) with Adjusted EBITDA margin expanding to 46%, while HSA assets grew 19% to $37.1B. The compan...

FIRST
Scott M. Ferris Appointed to First Business Financial Services Board

First Business Financial Services appointed Scott M. Ferris, retired BMO Financial Group Managing Director, to its Board of Directors effective June 1...

FLOWSERVE
Flowserve reaffirms 2026 guidance and 2030 targets amid Starboard engagement

Flowserve responded to a letter from activist investor Starboard Value LP, reaffirming its 2026 guidance including adjusted operating margin expansion...

Royalty
Royalty Pharma establishes $500M revolving credit facility with major banks

Royalty Pharma plc entered into a revolving credit agreement dated May 22, 2026 with Bank of America and other major financial institutions. The facil...

NexMetals
NexMetals shareholders approve board slate and equity incentive plan at AGM

NexMetals Mining Corp. held its 2026 Annual General Meeting where shareholders elected an 8-member board of directors, re-appointed MNP LLP as auditor...

Wells
Wells Fargo issues commercial mortgage trust securities under pooling agreement

Wells Fargo Commercial Mortgage Securities Inc. issued securities for the 2026-5C9 trust effective May 1, 2026. The offering involved multiple financi...

Federal
Fed Issues Enforcement Actions Against Former Employees of Atlantic Union and Frost Banks

The Federal Reserve Board has taken enforcement actions against a former employee of Atlantic Union Bank and a former employee of Frost Bank. The spec...