Pinterest Pins Premarket Pop
5/5/20265 min
Pinterest (PINS) jumps on strong results, above-expectation Q2 sales forecast. (00:14) Palantir Technologies (PLTR) perks up as Q1 results, guidance top Wall Street's forecast. (01:08) DOJ confirms antitrust investigation into meatpacking industry - reports. (02:26)
Episode transcripts seekingalpha.com/wsb.
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Transcript preview
First 90 secondsJulie Morgan· Host0:00
[instrumental music] Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It is so nice to be with you on this Tuesday, May 5th. I'm Julie Morgan. Shares of Pinterest are up over 16% pre-market after the company posted first quarter results above Wall Street estimates, coupled with an above expectation sales forecast. The company posted revenue of $1 billion, a growth of 17% year over year, compared to consensus of 968 million. It earned an adjusted profit of 27 cents per share, beating consensus by five cents. Global monthly active users increased 11% year over year to 631 million, representing its 10th consecutive quarter of double digit user growth. For Q2 '26, the company expects revenue to be in the range of 1.13 to 1.15 billion, which is above consensus of 1.12 billion. This represents 14 to 16% growth year over year. Palantir is down 3% pre-market after rising more than 1% in extended trading on Monday. The technology company reported first quarter results that topped Wall Street estimates. For the period ending March 31st, Palantir said it earned an adjusted 33 cents per share as revenue surged 85% year