NYSE on day of Pinterest IPO. Photo: JOHANNES EISELE/AFP/Getty Images

Pinterest, the online bookmarking service, posted mixed results on Thursday for its first quarterly earnings as a public company, beating revenue estimates while reporting a much larger loss per share than expected.

Why it matters: The company went public at a price above its initial proposed range, with many expecting Pinterest to work its way to profitability soon enough.

By the numbers:

  • Loss per share: $0.33 vs. $0.11 expected, per Yahoo Finance.
  • Revenue: $201.9 million vs. $200.6 million expected, per Yahoo Finance.
  • Monthly active users: 291 million global, 85 million U.S., 206 million international.
  • Average revenue per user: $ 0.73 global, $2.25 U.S., $0.08 international.

Pinterest's stock price quickly dropped by more than 14% in after-hours trading after posting its earnings.

Go deeper

Deadly Hurricane Zeta churns inland after lashing Louisiana

A satellite image of Hurricane Zeta. Photo: National Hurricane Center/NOAA

Hurricane Zeta has killed at least one person after a downed power line electrocuted a 55-year-old in Louisiana as the storm moved into Alabama overnight.

What's happening: After "battering southeastern Louisiana and southern Mississippi," it began lashing Alabama late Wednesday, per the National Hurricane Center.

28 mins ago - World

Taiwan reaches a record 200 days with no local coronavirus cases

Catholics go through containment protocols including body-temperature measurement and hands-sanitisation before entering the Saint Christopher Parish Church, Taipei City, Taiwan, in July. Photo: Ceng Shou Yi/NurPhoto via Getty Images

Taiwan on Thursday marked no locally transmitted coronavirus cases for 200 days, as the island of 23 million people's total number of infections reported stands at 550 and the COVID-19 death toll at seven.

Why it matters: Nowhere else in the world has reached such a milestone. While COVID-19 cases surge across the U.S. and Europe, Taiwan's last locally transmitted case was on April 12. Experts credit tightly regulated travel, early border closure, "rigorous contact tracing, technology-enforced quarantine and universal mask wearing," along with the island state's previous experience with the SARS virus, per Bloomberg.

Go deeper: As Taiwan's profile rises, so does risk of conflict with China

Updated 53 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Biden ahead in Wisconsin, Michigan as cases surge in the Midwest.
  2. Health: Fauci says U.S. may not return to normal until 2022 — Trump's testing czar: Surge "is real" and not just caused by more tests Some coronavirus survivors have "autoantibodies."
  3. Business: Consumer confidence sinking Testing is a windfall.
  4. World: Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.

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