Pinterest Posts Downbeat Q2 Earnings, Joins Twilio, Trade Desk And Other Big Stocks Moving Lower In Friday Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Friday.

Shares of Pinterest, Inc. (NYSE:PINS) fell sharply in pre-market trading after the company reported worse-than-expected second-quarter adjusted EPS results.

Pinterest reported second-quarter revenue of $998.23 million, beating estimates of $974.01 million, according to Benzinga Pro. The idea discovery platform company posted second-quarter adjusted earnings of 33 cents per share, missing analyst estimates of 35 cents per share.

Pinterest shares dipped 12.4% to $34.35 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

• The Trade Desk, Inc. (NASDAQ:TTD) declined 29.6% to $62.19 in pre-market trading after the company reported second-quarter financial results.
• Iovance Biotherapeutics, Inc (NASDAQ:IOVA) fell 26.9% to $1.93 in pre-market trading after the company reported worse-than-expected second-quarter financial results and issued FY25 sales guidance below estimates.
• Sweetgreen, Inc. (NYSE:SG) fell 23.5% to $9.69 in pre-market trading after the company reported worse-than-expected second-quarter financial results and cut its FY25 sales guidance below estimates.
• Xponential Fitness, Inc. (NYSE:XPOF) declined 21.1% to $7.59 in pre-market trading after the company reported downbeat quarterly sales and slashed its FY2025 sales guidance.
• Sezzle Inc. (NASDAQ:SEZL) shares fell 20.3% to $111.05 in pre-market trading following the release of its second-quarter financial results.
• Twilio Inc. (NYSE:TWLO) shares tumbled 12.8% to $106.75 in pre-market trading after the company issued third-quarter guidance below estimates.
• Gray Media, Inc. (NYSE:GTN) declined 9% to $3.79 in pre-market trading following downbeat quarterly earnings.
• Firefly Aerospace Inc. (NASDAQ:FLY) dipped 8.6% to $55.14 in pre-market trading following its recent IPO.
• Microchip Technology Incorporated (NASDAQ:MCHP) dipped 7.9% to $60.97 in pre-market trading following first-quarter results.

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