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PINS May 2024 29.000 put
| Previous close | 0.6400 |
| Open | 0.5800 |
| Bid | 0.5700 |
| Ask | 0.6700 |
| Strike | 29.00 |
| Expiry date | 2024-05-10 |
| Day's range | 0.4500 - 0.6300 |
| Contract range | N/A |
| Volume | |
| Open interest | 59 |
- Yahoo Finance Video
Pinterest stock jumps on Q1 earnings beat
Pinterest (PINS) reported first quarter results that topped Street estimates on both the top and bottom lines. The company reported adjusted earnings of $0.20 per share versus a $0.14 estimate. Revenue of $740.0 million was better than the $700.3 million estimate. Pinterest reported having 518 million monthly active users compared to an estimated 503.75 million. Average revenue per user of $1.46 topped estimates of $1.39. Yahoo Finance's Julie Hyman and Josh Lipton break down the social media company's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
StockStoryPinterest (NYSE:PINS) Surprises With Q1 Sales, Stock Jumps 22.5%
Social commerce platform Pinterest (NYSE: PINS) reported results ahead of analysts' expectations in Q1 CY2024, with revenue up 22.8% year on year to $740 million. Guidance for next quarter's revenue was also better than expected at $842.5 million at the midpoint, 1.9% above analysts' estimates. It made a non-GAAP profit of $0.20 per share, improving from its profit of $0.09 per share in the same quarter last year.
- Reuters
UPDATE 1-Pinterest forecasts quarterly revenue above estimates, shares surge
Pinterest forecast second-quarter revenue above Wall Street estimates on Tuesday, expecting a boost from growing advertising spend on the image-sharing platform, sending shares up more than 20% in after-market trading. The company has benefited from marketers turning to the digital platform to reach Gen Z users - more than 40% of its user base - and leverage its new AI-driven ad tools and latest ad formats, which offer better user engagement. Last month, ad group Interpublic Group's media research unit MAGNA Global said it expects the U.S. ad Market to grow by more than 9% this year to reach $369 billion.
