Shares of Abacus Global Management (NASDAQ:ABL) jumped 10.2% on Friday morning after the company raised its full-year earnings outlook and posted a second straight quarter of record growth.
The alternative asset manager lifted its 2025 adjusted earnings forecast to a range of $74 million to $80 million, citing strong demand for policyholder liquidity and inflows into its new asset management offerings.
SoundHound AI (NASDAQ:SOUN) jumped 32.4% on Friday after the voice artificial intelligence firm reported second-quarter results that beat expectations and raised its full-year revenue guidance, buoyed by strong demand across automotive, restaurant, and retail sectors.
The company posted a narrower-than-expected adjusted loss of $0.05 per share, compared to Wall Street estimates of a $0.10 loss. Revenue doubled year-over-year to $34.5 million, topping the $33.66 million consensus.
Pinterest Inc (NYSE:PINS) shares fell around 8.3% after it reported second quarter earnings that fell short of Wall Street expectations, but Wedbush analysts remain bullish on the social media platform, suggesting investors buy the dip.
For Q2, Pinterest report adjusted earnings per share (EPS) of $0.33, short of the expected $0.35.
Shares of Trade Desk Inc (NASDAQ:TTD) tumbled 38% on Friday morning after the digital advertising technology company posted better-than-expected second-quarter revenue but issued cautious guidance and faced renewed scrutiny over intensifying competition, particularly from Amazon.
The company reported second-quarter revenue of $694 million, beating analysts’ expectations of $684 million and marking a 19% year-over-year increase. Adjusted earnings per share came in at $0.41, just below the $0.42 consensus, though still up 5% from the year-ago period.
Canopy Growth Corporation (TSX:WEED, NYSE:CGC) reported better-than-expected financial results for the fiscal first quarter of 2026, which saw its shares jump in early trade on Friday.
For the period ending June 30, revenue was up about 9% year-over-year at C$72.1 million from C$66.2 million, ahead of analyst estimates of a decline to C$64.5 million.
Under Armour Inc (NYSE:UA) shares plunged more than 18% as its fiscal first quarter earnings fell short of expectations and weak guidance disappointed.
For Q2, the athletic apparel brand expects revenue to decline 6% to 7% while gross margins are expected to decline 340 to 360 basis points, attributed to expected supply chain headwinds from tariffs.
Shares in Petra Diamonds Limited (LSE:PDL, OTC:PDLMF) rose 43% on Friday after the company announced an agreement in principle with key financial stakeholders on a long-term refinancing package.
The move follows 18 months of internal restructuring, including the sale of non-core mines and cost-saving initiatives, aimed at simplifying the business.
Shares in Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) fell 3% despite the world’s largest online sports betting and iGaming operator raising its full-year 2025 guidance after a strong second quarter, with performance largely anticipated by the market.
Revenue rose 16% year-on-year to $4.2 billion in the three months to 30 June, while adjusted earnings before interest, tax, depreciation and amortisation increased 25% to $919 million.
Duolingo Inc shares closed nearly 14% higher on Thursday, adding just over $2 billion to its market capitalisation after a turbulent trading session.
The language learning platform’s stock initially surged a third in value at one point on strong quarterly results.
Pinterest Inc (NYSE:PINS) shares tumbled more than 11% after hours on Thursday, erasing around $3 billion from its market value, after the company missed second-quarter profit forecasts despite strong revenue and user growth.
Adjusted earnings came in at 33 cents per share, below analysts’ expectations of 35 cents.