|Bid||19.90 x 1800|
|Ask||19.93 x 1300|
|Day's range||18.92 - 20.13|
|52-week range||17.39 - 36.83|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||05 Feb 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||30.00|
Pinterest is bringing on a new board member. The company announced today it has appointed Gokul Rajaram, Caviar lead at soon-to-go-public DoorDash, to its board of directors and as a member of its Nominating and Corporate Governance Committee. The addition signals Pinterest's desire to bring more digital advertising expertise to its board, given Rajaram's experience as product director of Ads at Facebook and product management director at Google AdSense.
Pinterest, Inc. (NYSE: PINS) today announced that it has appointed Gokul Rajaram, Caviar Lead at DoorDash, to its Board of Directors and as a member of its Nominating and Corporate Governance Committee effective today.
Earnings reports from NVIDIA and Cisco, a stay order on the JEDI contract, Facebook's app to compete with Pinterest and other stories are covered in this daily.
The company also beat estimates for average revenue per user and provided a bullish 2020 sales forecast as measures like adding augmented reality features to its platform and expanding into markets like Denmark, Norway and Switzerland attracted more users. Total revenue jumped 46% to $400 million in the fourth quarter, while monthly active users climbed 26% to 335 million globally. Financial analysts tracked by Refinitiv had expected revenue of $371.2 million, while user additions were projected at 331.3 million by market research firm FactSet.
(Bloomberg) -- Pinterest Inc. posted revenue and user growth that beat analysts’ estimates for the fourth quarter, citing new advertisers and greater engagement in the holiday season. Shares gained about 12% in extended trading.Sales at the digital search and scrapbooking company rose 46% to about $400 million, better than the $371 million consensus analyst estimate compiled by Bloomberg. Revenue for the full year was $1.14 billion, the first time Pinterest has surpassed the $1 billion threshold, and slightly higher than the revenue range it provided in May.Pinterest said it added about 13 million new monthly users in the period, bringing its total global user base to 335 million. Analysts expected Pinterest to report around 330 million users at the end of 2019.The company projected 2020 revenue of $1.52 billion for the year, just ahead of analysts’ estimates.Pinterest is the latest digital advertising company to report strong fourth-quarter sales. Facebook Inc., Twitter Inc. and Alphabet Inc.’s Google all reported revenue that was better-than-anticipated in the past two weeks.The San Francisco-based company included a list of business priorities for the year in its earnings release, including diversifying its ad offerings and pushing further into shopping. As part of its shopping expansion, Pinterest said it plans to create a “Verified Merchants Program” in 2020, which will require brands to meet certain guidelines in order to join. The point is to improve trust between Pinterest users and the brands they buy from on the service, the company says.Pinterest stock reached a high of $26.30 in extended trading after closing at $23.01. The shares have gained 21% in the past 12 months.To contact the reporter on this story: Kurt Wagner in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Uber is scheduled to report its Q4 2019 earnings results after the market closes on Thursday, February 6. It has struggled since going public last May. Yet, the question now is should investors think about buying Uber stock?
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Facebook's (FB) fourth-quarter 2019 results are likely to reflect benefits from security initiatives amid increasing privacy concerns, and an expanding user base of Watch.
A new Pinterest feature will allow users to virtually try on products, starting with lipstick, before they shop from retailers like Estée Lauder, Sephora, bareMinerals, Neutrogena, NYX Professional Makeup, YSL Beauté, Lancôme and Urban Decay from L’Oréal. To use the new feature, Pinners will first open Pinterest's smart camera, "Lens," while in Search, then click "Try it" to explore the different lipstick shades available. Another way to access Try it is by typing in lipstick-related terms into Pinterest's search engine -- like "plum lipstick" or "red lips," for example.
Pinterest (PINS) becomes the third largest social media network, surpassing Snapchat, per a recently released eMarketer Report. The report predicts Pinterest's user growth to continue in 2020.
Pinterest, Inc. (NYSE: PINS) will release financial results and a letter to shareholders for the fourth quarter and fiscal year 2019 on Thursday, February 6, 2020 after market close. The company will host a Q&A conference call to discuss these results at 2:30 p.m. PT (5:30 p.m. ET) on the same day.