(Reuters) – Picture-sharing platform Pinterest beat Wall Avenue targets for second-quarter outcomes on Tuesday, forecasting increased margins for this 12 months, supported by a rebound within the promoting market and cost-cutting measures. Tech large Meta Platforms and Google guardian Alphabet additionally reported sturdy advert gross sales, indicating a pickup in advertising spending by corporations as inflation slows and client confidence improves. Pinterest’s chief monetary officer, Julia Donnelly, stated the adjusted underlying revenue margin might be “almost 400 foundation factors” increased within the present fiscal 12 months. It was 16% in 2022. The corporate additionally expects income for the present quarter

(Reuters) – Lumen Applied sciences reported an enormous quarterly internet lack of $8.74 billion on Tuesday, hit by an impairment cost of almost $9 billion within the second quarter. Shares of the Monroe, Louisiana, firm, which has misplaced greater than 61% of its worth this yr, fell greater than 8% in post-bell commerce. The corporate, whose second-quarter loss was greater than 4 instances its market worth of $2 billion, was down sharply from a revenue of $344 million a yr earlier. Lumen stated it posted a non-cash impairment cost of $8.8 billion within the first quarter, as a result of