Notícias

Pinterest shares rallied Tuesday following a better-than-expected earnings report and revenue forecast.

Pinterest Inc. (NYSE:PINS) delivered first-quarter results on Monday that outpaced Wall Street expectations, driven by strong revenue growth and a sharp increase in user numbers.

Adjusted earnings were 27 cents a share. Analysts were expecting earnings of 23 cents a share. In January, Pinterest disclosed that is was laying off “less than 15%” of its workforce in a regulatory filing.

Investing.com -- Pinterest Inc (NYSE:PINS) reported first-quarter results that exceeded Wall Street expectations, with adjusted earnings per share of $0.27 beating the analyst estimate of $0.23 by $0.04. Revenue reached $1.01 billion, surpassing the consensus estimate of $965.44 million and marking an 18% increase from $855 million in the same quarter last year.

Pinterest stock jumped late Monday after the social media company reported first-quarter results that beat expectations, with revenue sharply ahead of prior forecasts. Pinterest said that it earned an adjusted 27 cents per share for the March-ended quarter, up 17% from a year earlier. For the current quarter, Pinterest guided for sales of $1.14 billion at the midpoint of its given range.

Pinterest forecast second-quarter revenue above analysts' estimates on Monday, helped by steady spending from advertisers as the ‌image-sharing platform sharpens its ad offerings with deeper artificial intelligence ‌integration. Shares of the California-based company jumped 16% in extended trading. The company has been stepping ​up investments in AI, rolling out enhancements to its Performance+ ad suite to automate ad creation and improve personalized targeting, which have started to bear fruit.

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