- Yahoo Finance Video
Pinterest stock jumps on Q1 earnings beat
Pinterest (PINS) reported first quarter results that topped Street estimates on both the top and bottom lines. The company reported adjusted earnings of $0.20 per share versus a $0.14 estimate. Revenue of $740.0 million was better than the $700.3 million estimate. Pinterest reported having 518 million monthly active users compared to an estimated 503.75 million. Average revenue per user of $1.46 topped estimates of $1.39. Yahoo Finance's Julie Hyman and Josh Lipton break down the social media company's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
- Yahoo Finance
AMD beats on Q1 revenue and EPS, but light guidance sends stock lower
Chip giant AMD (AMD) reported its first quarter earnings on Tuesday beating analysts' expectations on the top and bottom lines, but lighter-than-anticipated guidance for the next quarter sent the stock lower.
- Reuters
Biden team sets out ethanol's path to aviation fuel subsidies
The plan is likely to be bittersweet for the politically-powerful U.S. ethanol industry that is eager to secure the subsidies but had hoped for a lower hurdle. President Joe Biden hopes that creating a subsidized market for lower-emissions SAF can contain that threat, while also giving a boost to farm country, an important constituency in November’s presidential election. "President Biden, I think, understood intuitively the important role that America agriculture and farmers would play in this new future," Agriculture Secretary Tom Vilsack said in announcing the plan.
