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Kornit Digital: Q1 Earnings Snapshot

ROSH-HAAYIN, Israel (AP) — ROSH-HAAYIN, Israel (AP) — Kornit Digital Ltd. (KRNT) on Wednesday reported a loss of $8.2 million in its first quarter.

The Rosh-Haayin, Israel-based company said it had a loss of 19 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 1 cent per share.

The digital textile printer posted revenue of $48.5 million in the period.

For the current quarter ending in June, Kornit Digital said it expects revenue in the range of $51 million to $55 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRNT at https://www.zacks.com/ap/KRNT

US envoys Witkoff and Kushner set for talks in Kyiv after meeting with Putin in Moscow

KYIV, Ukraine (AP) — U.S. envoys Steve Witkoff and Jared Kushner are set to arrive in Kyiv on Sunday in their first visit to the Ukrainian capital as part of a renewed push for peace in Russia’s full-scale invasion of Ukraine. The visit by the emissaries follows a meeting with Russian President Vladimir Putin in Moscow on Saturday. The visits by Witkoff and Kushner, who is also U.S. President Donald Trump’s son-in-law, are an attempt to revive peace talks during escalating aerial attacks by both sides. The air war between Russia and Ukraine has intensified as troops have struggled to make progress along the 1,250-kilometer (775-mile) front line. Russia has recently been using fast-flying, jet-powered drones, and the recurring wail of air-raid sirens has become part of daily life in Kyiv. Putin and Ukrainian President Volodymyr Zelenskyy agreed to pause strikes on each other’s capitals while the talks take place.
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