An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019.
Check out the companies making headlines in midday trading Tuesday.
Uber Technologies — Uber shares popped 17.6% after the ride-hailing giant reported a quarterly revenue that beat analyst expectations. The company’s revenue came in at $8.07 billion, topping a Refinitiv consensus forecast of $7.39 billion. Still, Uber also reported a big loss per share.
Pinterest — Shares of the image-sharing company surged 12% on the back of better-than-expected user numbers. Activist investor Elliott Management also confirmed separately that it’s Pinterest’s top investor and said it has “conviction in the value-creation opportunity” at the company. All that said, Pinterest’s earnings and revenue missed estimates for the second quarter, and the company gave weak guidance for the third quarter.