ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. REPORTS FIRST QUARTER EARNINGS

ET Intelligence Group reports that four listed flexible workspace firms—WeWork India Management, Smartworks Coworking Spaces, IndiQube Spaces and Awfis Space Solutions—ended FY26 with double-digit revenue growth and margin expansion, driven by sustained demand from global capability centres, a shift to premium assets and more managed-office adoption. They guided for 20%+ FY27 growth. WeWork occupancy hit 86.9% and BOB set ₹765 target; Smartworks guided 28–30% growth with ₹547 target; IndiQube oc

Dollar General (DG) and Dollar Tree (DLTR) report increased sales from higher-income shoppers. DG's Q2 net sales rose 5.2% to $11.29B, with $1 items driving 16% sales growth. DLTR's Q2 sales surged 7% to $4.89B, with middle- and high-income households contributing. Both companies raised full-year outlooks, highlighting a trend of value shopping among affluent consumers.

Nvidia reported $96.2B revenue, up 18% QoQ, with data center sales at $89B. Gross margin was 75%, but guidance suggests a drop to 74% due to rising memory costs. CFO Colette Kress cited increased memory procurement costs as the reason. This benefits Micron, a memory supplier, as Nvidia's higher memory commitments may lead to higher prices for suppliers.

BBB Foods (TBBB), parent of Mexican discount grocery chain Tiendas 3B, has seen its stock triple since its 2024 IPO. The company reported 20% same-store sales growth in Q2, with 3,624 stores and plans to expand to 12,000. BBB Foods is profitable with 960 million Ps in EBITDA on $1.53 billion in revenue. The company's market cap is $6 billion, and it operates in a segment with significant growth potential in Mexico.

Nvidia reported strong Q2 earnings with $96.2B revenue, driven by 117% YoY growth in data center sales. However, rising memory costs, particularly high-bandwidth memory, are reducing gross margins, which Nvidia attributes to increased component procurement costs. The company expects margins to decline further before recovering in fiscal 2028. This trend benefits memory suppliers like Micron Technology, as Nvidia's higher memory commitments suggest increased pricing power for suppliers.

Okta reported Q2 revenue of $805M, up 11% YoY, and adjusted EPS of $1.05, up from $0.91 last year. The stock surged 20% after hours. Key metrics like subscription revenue, operating margin, and free cash flow all showed strong growth. The company attributed its success to AI-driven demand for identity security, with AI-focused products representing 30% of bookings. Okta also announced the $200M acquisition of Permiso Security and raised its full-year guidance.