Fastly Sinks on Sales Forecast Miss and Financial Chief Departure

Fastly  (FSLY) – Get Report shares plunged on Thursday, falling more than 22%, after the cloud-software company lowered its second-quarter and full-year revenue forecasts and said its chief financial officer was stepping down.

At last check, shares of Fastly were down 22.56% at $44.90 after the company reported a non-GAAP per-share loss of 12 cents, a penny wider than the loss of 11 cents  expected by analysts polled by FactSet. 

On a GAAP basis, per-share earnings were 44 cents vs. 28 cents expected by analysts polled by FactSet.

Revenue was $85 million, up 34.9% year over year and

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Twilio beats Q1 estimates, announces chief product officer’s departure

Twilio on Wednesday published better-than-expected first quarter financial results. The cloud communications firm also announced that its chief product officer is stepping down as the company reorganizes its R&D efforts. 

Twilio’s non-GAAP net income per share for the quarter was 5 cents on revenue of $590 million, up 62 percent year-over-year. 

Wall Street was expecting a net loss per share of 9 cents on revenue of $532.94 million.

“We delivered another quarter of outstanding growth in Q1, as companies across industries and around the world continue to turn to Twilio’s customer engagement platform to drive their digital transformation,” CEO

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AGTC Announces Departure of Chief Scientific Officer

GAINESVILLE, Fla. and CAMBRIDGE, Mass., April 26, 2021 (GLOBE NEWSWIRE) — Applied Genetic Technologies Corporation (Nasdaq: AGTC), a biotechnology company conducting human clinical trials of adeno-associated virus (AAV)-based gene therapies for the treatment of rare diseases, today announced that Mark Shearman, Ph.D., Chief Scientific Officer, has resigned from the company to pursue another opportunity but will remain to facilitate a smooth transition through June 4, 2021.

“Dr. Shearman has had a successful tenure leading AGTC’s product candidate selection process, pre-clinical and translational research and long-term research and development planning,” said Sue Washer, President and CEO of AGTC. “We are grateful

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Chesapeake Energy Corporation Announces Departure Of Chief Executive Officer And Appointment Of Interim Chief Executive Officer

OKLAHOMA CITY, April 27, 2021 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today announced the departure of Doug Lawler from his position as Chief Executive Officer of Chesapeake, effective April 30, 2021. Mike Wichterich, the Chair of Chesapeake’s Board of Directors, will serve as Interim Chief Executive Officer while the Board of Directors conducts a search for a new Chief Executive Officer, which it expects to complete over the coming months. 

Mike Wichterich, Chair of Chesapeake’s Board of Directors and Interim Chief Executive Officer, commented, “On behalf of the Board of Directors, Chesapeake’s employees and

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Despite India flight ban, travel restrictions not as ‘solid as they should be,’ Ontario chief medical officer says

Less than a week after the federal government announced a travel ban for passenger flights from India and Pakistan for at least 30 days, Ontario’s top doctors warn these border restrictions may not go far enough.

At a press conference on Monday, Dr. David Williams, Ontario chief medical officer of health, indicated that there have been concerns throughout the pandemic related to importation and spread of COVID-19 from international destinations, especially now that more variants of concern have been identified.

“In Ontario especially, because we have such an international hub,” Dr. Williams said. “We’re like a global touchpoint for a

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Ex-Michigan health chief Robert Gordon ordered to testify about departure

LANSING — Former Michigan health director Robert Gordon will testify next week before a legislative committee about his abrupt departure from Gov. Gretchen Whitmer’s administration. The panel voted to subpoena him Thursday.

Gordon ordered COVID-19 pandemic restrictions for more than three months after the Democratic governor lost powers in a court ruling. He resigned in January as director of the state Department of Health and Human Services and received $155,000 in a separation agreement signed by the chief lawyer in Whitmer’s office.

The reason for Gordon’s apparent forced exit is unclear. Whitmer has largely been mum. Gordon has said officials

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