HomeBusinessUber, Pinterest, Caterpillar and more

Uber, Pinterest, Caterpillar and more

An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019.

Source: NYSE

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.

Read more at www.cnbc.com

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