Image sharing platform Pinterest, Inc. (NYSE: PINS) reported a slightly wider loss for the second quarter of 2020, while revenues increased. It was better than the outcome analysts had predicted.
The company, which went public more than a year ago, reported a loss of $0.07 per share for the June quarter, on an adjusted basis, compared to a loss of $0.06 per share in the year-ago period. Net loss, meanwhile, narrowed to $100.75 million or $0.17 per share from $1.16 billion or $2.62 per share las year.
Revenues increased 4% annually to $272.5 million even as the number of global monthly active users grew by 39%. Both revenues and the bottom-line topped expectations.
Starbucks (NASDAQ: SBUX) reported fourth-quarter 2020 financial results after the closing bell on Thursday. The coffee chain reported an 8% decline in Q4 revenues to $6.20 billion, which was better
Facebook (NASDAQ: FB) reported third-quarter 2020 financial results after the closing bell on Thursday. The social media giant reported a 22% spike in Q3 revenue to $21.47 billion, which was
Amazon.com, Inc. (NASDAQ: AMZN) reported third quarter 2020 earnings results today. Net sales increased 37% year-over-year to $96.1 billion. Net income increased to $6.3 billion, or $12.37 per share, from