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Pinterest Earnings And Revenue Beat But Stock Slides Late
Investor's Business Daily8d agobullish
Pinterest Earnings And Revenue Beat But Stock Slides Late

Pinterest stock fell late Tuesday, despite reporting second-quarter results that topped expectations. Pinterest's in-line third-quarter guidance may have been a disappointment after rival digital ad platforms Reddit and Snap offered stronger forecasts. The San Francisco-based Pinterest earned an adjusted 43 cents per share for the June-ended quarter, up 30% from a year earlier and ahead of the 36 cents per share that analysts polled by FactSet were forecasting.

Reddit rallies as AI‑driven ad growth fuels strong revenue outlook
Reuters103d agobullish
Reddit rallies as AI‑driven ad growth fuels strong revenue outlook

Reddit shares jumped over 12% on Friday after an upbeat quarterly revenue forecast underscored growing returns from the social media company's ‌AI-driven advertising tools. If current gains hold, Reddit is on track to add about $3.4 ‌billion in market value. The company's AI-optimized ad platform enables advertisers to place targeted ads directly within relevant discussion ​threads across its interest-based communities called subreddits.