4 Key Things From Pinterest's Earnings Call That Investors Should Know
Pinterest (NYSE: PINS) reported third-quarter 2019 results after the market closed last Thursday, Oct. 31, that were a mixed bag and disappointed many investors.
The image-sharing platform operator grew revenue 47% year over year to $279.7 million and turned in adjusted earnings per share of $0.01, up from a loss of $0.12 per share in the year-ago period.
Shares plunged 17% the following day, which we can attribute to revenue falling short of Wall Street's consensus estimate and to management issuing a lighter full-year revenue outlook than many investors were probably expecting. On the positive side, however, the bottom-line result not only beat analysts' projections but it also represents the San Francisco-based tech company's first profitable quarter, on an adjusted basis, as a public entity.
Source Fool.com
