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.
https://www.youtube.com/watch?v=50yUaLybUnA&t=667s China-based internet search firm Baidu Inc. (NASDAQ: BIDU) reported financial results for the second quarter of 2020 on Thursday after the market's close. Earnings exceeded analysts’ expectations, but the
Applied Materials' (NASDAQ: AMAT) earnings and revenue for the third quarter exceeded the market's views. Adjusted EPS of $1.06 and revenue of $4.40 billion in Q3, grew 43% and 23%,
A lot of stocks in the biotech space have skyrocketed this year after their announcements and advances in finding a vaccine or in the treatment of COVID-19. While these companies