Pinterest Inc. continued to experience a surge in new users during the COVID-19 pandemic, leading to larger-than-expected profit and revenue growth this summer, according to a Wednesday earnings report that sent shares on another ride toward fresh record highs.
In the first quarter of sales of its COVID-19 antiviral drug, Gilead Sciences Inc. produced better profit and sales than expected, buts its beleaguered shares were hit by a reduction in its annual sales forecast Wednesday.
GrubHub Inc. shares rose in the extended session Wednesday after the online food-ordering platform reported increased revenue that beat estimates as the pandemic continued to bolster its business, even though it posted a wider loss than expected.
The U.S. trade deficit in goods fell 4.5% in September a month after hitting a record high, but it’s likely to remain elevated in the next few months as retailers restock ahead of the holiday shopping season.