Previous close | 1.0700 |
Open | 1.0700 |
Bid | 0.8700 |
Ask | 1.1400 |
Strike | 29.00 |
Expiry date | 2024-07-19 |
Day's range | 1.0700 - 1.0700 |
Contract range | N/A |
Volume | |
Open interest | 1.57k |
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.
Pinterest stock jumped late Tuesday, after the social media company reported Q1 results that easily beat views.
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.