Pinterest Earnings: Will They Beat Expectations Again?
Pinterest (NYSE: PINS) is slated to report its third-quarter 2020 results after the market close on Wednesday, Oct. 28.
The image-sharing platform operator is heading into its report on a strong note. In the second quarter, it breezed by Wall Street's estimates for both the top and bottom lines. Investors sent shares soaring 36% the day after results were released.
The COVID-19 pandemic hurt revenue growth in the first and second quarters because many businesses were temporarily shuttered and cut back on advertising, which is how Pinterest makes its money. Investors should see an easing of this headwind in the third quarter, as more businesses have since resumed at least some operations.
Source Fool.com
