3 Reasons Pinterest Can Keep Rallying After Its Post-Earnings Surge
In an earnings season full of surprises, Pinterest (NYSE: PINS) has been one of the biggest so far.
Shares of the virtual pinboard operator surged following its second-quarter earnings report, finishing up 36.1% on Friday as the company reported a spike in user growth and strong revenue growth in July.
For the quarter past, Pinterest's top line ticked up 4% to $272.5 million, improving throughout the quarter as the impact of COVID-19 faded, and easily topped the analyst consensus at $251.2 million. On the bottom line, its adjusted EBITDA loss expanded from $26 million in the quarter a year ago to $33.9 million, and it reported an adjusted loss of $0.07 per share, beating estimates at a $0.13 per-share loss.
Source Fool.com
