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Home/News Feed/Pinterest and Palantir beat Q1 estimates; DOJ probes meatpacking industry for antitrust violations.

PINS

$22.40

+$0.26 +1.17%

Pinterest and Palantir beat Q1 estimates; DOJ probes meatpacking industry for antitrust violations.

Company Fundamentals

05 May 2026

Seeking Alpha

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Bullish

Pinterest's shares jumped over 16% premarket after reporting Q1 revenue of $1 billion, up 17% year-over-year, and forecasting Q2 sales above expectations with continued strong user growth. Palantir Technologies also beat Q1 revenue estimates with an 85% increase to $1.63 billion and issued strong Q2 guidance above consensus, despite a slight premarket dip. Meanwhile, the U.S. Department of Justice confirmed a criminal antitrust investigation into the meatpacking industry, focusing on potential collusion among major processors amid rising beef prices. These developments highlight strong tech sector earnings and increased regulatory scrutiny in food markets.

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