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Pinterest shares declined 7% in extended trading after reporting better-than-expected earnings but issuing modest third-quarter sales guidance, citing headwinds from timing shifts in Amazon Prime Day and World Cup spending.
Disney exceeded earnings expectations while slightly missing revenue forecasts, with gains in parks attendance and streaming revenue driving performance across its business segments.
Novo Nordisk’s CEO defended the profitability of its Wegovy pill despite pricing pressures, as the company raised full-year guidance but saw shares fall 5% following quarterly results.
SpaceX stock fell 13.6% after the company reported a sixfold jump in capital expenditures to $18.4 billion, with most spending directed toward AI infrastructure development.
AMD stock fell 7% despite strong earnings and guidance, as CEO Lisa Su downplayed Elon Musk’s comments about SpaceX committing exclusively to Nvidia chips.
Berkshire Hathaway’s operating earnings rose 16% in the second quarter as CEO Greg Abel began deploying the company’s record cash hoard through buybacks and equity investments.
