Freshworks beat Q1 expectations, but investors are worried about what comes next.
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.
The company now expects annual revenue between $695 million and $705 million, compared with its previous forecast of $703.5 million to $711.5 million. Freshworks said on Wednesday that Dennis Woodside will take over as CEO and founder Girish Mathrubootham will be the executive chairman. Woodside joined Freshworks as president in 2022, with a prior professional record including president at Impossible Foods, chief operating officer at Dropbox and CEO at Motorola Mobility.