S&P 500 Falls 2.5% Amid Geopolitical Concerns
S&P 500 succumbed to another day of heavy selling amid geopolitical concerns on Tuesday, falling as much as 2.5% at one point, as fears of a protracted Middle East conflict that drew in multiple regional players roiled sentiment. Stocks recovered from the opening hour lows however as traders bought the beaten down Software Application names while also hiding out in the safety of high-yielding Telecoms. The opening hour of the evening session is seeing a calmer mood with equity futures down by only a decimal, even though investors remain on high alert for another "tape bomb" in a headline-driven volatile macro environment.In commodities, Gold and Silver were down sharply, refusing to act as stores of refuge, with a second consecutive session of much stronger U.S. Dollar denting precious metals. WTI Crude Oil is flat in electronic trade in the wake of a large build in inventories reported by API, having retreated below $74.50 after rising as high as $78 per barrel earlier.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Evolusup 17.4%B&G Foodsup 7.7%Ross Storesup 6.1%Boxup 3.5%Cricutup 2.8%ALSO HIGHER -Modernaup 8.0% after announcing litigation settlementDOWN AFTER EARNINGS -WEBTOON Entertainmentdown 14.3%GitLabdown 8.9%STAAR Surgicaldown 8.9%QuickLogicdown 3.7%Crexendodown 2.3%Crowdstrikedown 0.7%
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- Financial Performance: In Q1 2026, Evolus reported global net revenue of $73.1 million, including $66.4 million from Jeuveau and $6.7 million from Evolysse, indicating stable performance despite ongoing market challenges.
- Profitability Improvement: The company achieved positive adjusted EBITDA of $0.6 million in Q1, a significant turnaround from a loss of $5.5 million in the prior year, demonstrating progress in profitability and boosting investor confidence.
- Market Share Maintenance: Evolus maintained a 14% market share in the U.S. Jeuveau market while gaining share with Evolysse, showcasing strong positioning and growth potential in a competitive landscape.
- Future Outlook: Management reiterated the full-year revenue guidance of $327 million to $337 million and a low to mid-single-digit adjusted EBITDA margin, reflecting confidence in future growth, particularly with the upcoming Estyme launch and other pipeline milestones.
- Strong Earnings Report: Evolus reported a Q1 GAAP EPS of -$0.16, beating expectations by $0.06, indicating an improvement in profitability that boosts market confidence in its future performance.
- Revenue Growth: The company achieved Q1 revenue of $73.1 million, a 6.7% year-over-year increase, surpassing market expectations by $0.93 million, demonstrating strong growth momentum in a competitive market.
- Positive Outlook: Evolus projects total net revenues for 2026 to be between $327 million and $337 million, reflecting a 10% to 13% growth over the previous year, showcasing the company's confidence in its strategic planning for future growth.
- Cost Management: The adjusted gross profit margin for 2026 is expected to be between 65.5% and 67.0%, with non-GAAP operating expenses projected between $210 million and $216 million, indicating effective cost control while maintaining operational efficiency.
- Earnings Announcement: Evolus is set to release its Q1 earnings on May 4th after market close, with a consensus EPS estimate of -$0.12, reflecting a 60% year-over-year improvement, indicating potential recovery in profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $72.17 million, representing a 5.4% year-over-year increase, although the revenue estimates have faced four downward revisions in the last three months, suggesting market caution regarding short-term performance.
- Estimate Revisions: Over the past three months, Evolus has seen two upward revisions in EPS estimates with no downward adjustments, indicating growing analyst confidence in the company's profitability, while revenue estimates have remained unchanged, highlighting concerns over revenue growth.
- Future Guidance: Evolus has provided a revenue guidance range of $327 million to $337 million for 2026, demonstrating its strategic intent to expand its international presence and product portfolio, despite current revenue expectations facing challenges.
- Board Expansion: Telix announces the appointment of David Gill as a Non-Executive Director effective May 11, 2026, aimed at enhancing the board's succession planning and governance structure.
- Extensive Industry Experience: With over 35 years in life sciences, Gill has held CFO and President roles in multiple public companies, expected to bring valuable capital markets and corporate turnaround expertise to Telix.
- Future Leadership Role: Gill is anticipated to succeed current Chair Mark Nelson, who will remain on the board as a Non-Executive Director, ensuring continuity and stability in leadership.
- Strategic Growth Plans: Telix intends to strengthen governance through additional board appointments to support its growth trajectory as a dual-listed company, reflecting a positive outlook for future developments.
- Board Expansion: Telix Pharmaceuticals announces the appointment of David Gill as a Non-Executive Director effective May 11, 2026, aimed at enhancing the board's succession planning and expansion to improve corporate governance.
- Extensive Industry Experience: With over 35 years in the life sciences sector, Gill has held senior management roles in various biopharmaceutical and medical device companies, and his deep capital markets expertise is expected to provide strategic advantages for Telix.
- Future Leadership Role: Gill is anticipated to succeed current Chair Mark Nelson, who will remain on the board as a Non-Executive Director, ensuring continuity and stability in the company's leadership.
- Global Business Development: Telix focuses on the development and commercialization of radiopharmaceuticals, and Gill's addition is expected to aid the company's expansion in global markets, particularly in addressing significant unmet medical needs in oncology and rare diseases.
- Board Expansion: Telix Pharmaceuticals announces the appointment of David Gill as a Non-Executive Director effective May 11, 2026, aimed at enhancing the company's governance structure and paving the way for future succession planning.
- Extensive Industry Experience: With over 35 years in the life sciences sector, Gill has held CFO or President roles in multiple publicly traded companies, expected to bring deep capital market knowledge and corporate turnaround strategies to Telix.
- Strategic Leadership Change: Gill will succeed current Chair Mark Nelson, who will remain on the board as a Non-Executive Director, ensuring stability and continuity during the leadership transition for the company.
- Global Business Development: Telix focuses on the development and commercialization of radiopharmaceuticals, and Gill's addition is anticipated to aid the company's expansion in global markets, particularly in key regions like the U.S. and Europe.









