Pinterest, Inc. (NYSE: PINS) on Tuesday reported first-quarter financial results after the closing bell. The company missed analysts’ consensus on earnings by a cent in Q1.
CFO Todd Morgenfeld said, “The spread of COVID-19 has certainly had an impact on our business and the businesses of our advertisers, but we remain optimistic about the future. While we’ve been adapting to the current environment, we will continue to invest in our strategic priorities of content, ads diversification, use case expansion and shopping. We’re committed to delivering inspiration to our users and measurable results to businesses.”
PINS shares fell 8% immediately following the announcement. The stock has declined 30% in the trailing 12-months.
Leading stock indices continued the recent rally this week, with S&P 500 and Dow Jones Industrial Average setting new records helped mainly by the tech sector. Also, the overall sentiment
The health insurance sector has been facing multiple challenges from the virus crisis, but market-leading healthcare firm UnitedHealth Group (NYSE: UNH) maintained stable financial performance as customers of its core
United Airlines Holdings Inc. (NYSE: UAL) had a tough time in 2020 and its CFO literally bid “good riddance” to the year on its quarterly conference call. The company reported