PINS - Hot Stocks: ABNB PINS UBER rally on earnings; EBS loses contract; MOS dips on VALE stock sale
Earnings news remained the crucial driver during Friday's midday action. Airbnb (NASDAQ:ABNB), Pinterest (NYSE:PINS) and Uber (NYSE:UBER) all showed notable gains following the release of their quarterly reports. Elsewhere, Emergent (NYSE:EBS) lost about two-fifths of its value after disclosing the sudden end of a government contract. At the same time, Mosaic (NYSE:MOS) suffered selling pressure after Vale (NYSE:VALE) liquidated its minority stake in the firm. Gainers Airbnb (ABNB) jumped nearly 12% on a standout earnings report that included better-than-expected profit and revenue growth of 70%. Even taking into account the easy comparisons to last year's pandemic numbers, the top-line figure represented 36% growth from the same period in 2019. Pinterest (PINS) also got a boost from earnings news. The company revealed adjusted net income and EBITDA that more than doubled from last year. Revenues rose 43% to nearly $633B. PINS saw a slowdown in user growth, including a decline in
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Hot Stocks: ABNB, PINS, UBER rally on earnings; EBS loses contract; MOS dips on VALE stock sale