News

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.

US equities rallied intraday, fueled by upbeat earnings reports and hopes that the Strait of Hormuz

Snap reported Q2 revenue of $1.6 billion, up 19% year over year, with daily active users reaching 493 million

Snap Inc (SNAP) delivers strong Q2 with record free cash flow, but faces a Q3 slowdown as World Cup tailwinds fade and infrastructure costs rise.

Earnings continue to be the market's engine, and a series of results this week from Palantir, SpaceX, and AMD are set to rev up stocks again.

Snap stock was tumbling after earnings. The cancellation of a deal with AI start-up Perplexity is likely to fuel an activist campaign.

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.