Duolingo Inc shares soared more than 27% after the language learning app reported strong financial results for the second quarter and raised its full-year revenue guidance.
Duolingo exceeded Q2 revenue expectations with $252.3 million, up 41% year-over-year, beating analyst estimates of $240.7 million.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced a new development in its proprietary AI platform, enabling the simultaneous generation of 100 photorealistic 3D models.
According to the company, the new capability represents a 100-fold increase in speed and scalability for 3D content production.
Restaurant Brands International (TSX:QSR, NYSE:QSR) delivered mixed results for the second quarter, showing strong top-line growth but weaker profitability.
The parent company of Tim Hortons, Burger King, Popeyes, and Firehouse Subs reported an increase in revenue to $2.41 billion from $2.08 billion a year earlier, beating Wall Street expectations of $2.34 billion.
Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) reported better-than-expected results for the second quarter, driven by the international rollout of HBO Max and blockbuster releases, including A Minecraft Movie, Sinners, Final Destination: Bloodlines, and F1.
Revenue for the quarter was $9.81 billion, up 1% year-over-year and ahead of Wall Street estimates of $9.76 billion.
Crocs, Inc. (NASDAQ:CROX) shares plunged almost 25% after the shoemaker issued weak guidance for the third quarter.
The company said it expects revenue to be down 9% to 11% year-over-year, attributed to continued uncertainty regarding global trade policy and its related pressure on consumers.
Eli Lilly and Co (NYSE:LLY) shares fell more than 10% at the market open as disappointing late-stage trial data for the company’s oral weight loss drug orforglipron drew focus from strong second quarter earnings and raised full-year guidance.
The trial showed orforglipron users saw an average weight loss of 12.4% over 72 weeks, which was positive and met the primary endpoint.
Lyft Inc (NASDAQ:LYFT) shares dropped 3.3% after hours and are set to fall another 1.7% at the New York open, following a quarterly revenue miss that overshadowed an improved gross bookings outlook for the coming quarter.
Turnover for the second quarter reached $1.59 billion, below analyst expectations of $1.61 billion.
Airbnb Inc (NASDAQ:ABNB, ETR:6Z1) shares fell nearly 7% in pre-market trading, putting the company on track to lose over $5 billion in value, despite reporting second-quarter results that beat expectations.
Revenue for the quarter rose 13% to $3.1 billion and net income grew 16% to $642 million, both ahead of analyst forecasts.
Hikma Pharmaceuticals PLC (LSE:HIK, OTC:HKMPF) was the biggest faller on the FTSE 100 on Thursday morning after the drugmaker's interim results showed a 7% fall in core operating profit.
However, the decline in profits was not as bad as analysts expected and reflected product mix and foreign exchange impacts.