The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
(Adds details, shares)
May 16 (Reuters) - Pinterest Inc forecast full-year revenue mostly in line with analysts' estimates even after reporting a 54% jump in sales in its first quarterly earnings since going public, as the online scrapbook company added more users globally.
Shares of the company fell 19% in extended trading. They had risen 62% since Pinterest's initial public offering last month.
The company expects full-year revenue between $1.055 billion and $1.08 billion, the mid point of which is slightly above analysts' estimate of $1.06 billion.
DA Davidson analyst Tom Forte said the Pinterest's full-year sales outlook was a disappointment, especially given the high expectations reflected in the run up in shares.
The company, which calls its users "pinners", added 291 million monthly active users globally in the quarter, above estimates of 289.3 million, according to IBES data from Refinitiv.
Average revenue per user rose 26% to 73 cents, the company said.
Net loss narrowed to $41.4 million in the first quarter ended March 31 from $52.7 million a year earlier.
Excluding certain items, the company lost 32 cents per share, above estimates of 11 cents.
Total revenue rose about 54% to $201.9 million, beating estimates of $200.6 million. (Reporting by Vibhuti Sharma and Akanksha Rana in Bengaluru; Editing by Shinjini Ganguli)