Are Investors Too Bullish on Pinterest’s Overseas Prospects?
Pinterest's (NYSE: PINS) stock recently surged after the social media company's second-quarter numbers beat Wall Street's expectations. Its revenue rose 4% annually to $272 million, beating estimates by $18 million. Its adjusted net loss widened from $24.5 million to $38.4 million, or $0.07 per share, but still cleared estimates by $0.06.
At first glance, Pinterest's headline numbers don't seem to justify its post-earnings gains. Nonetheless, its overseas growth in monthly active users (MAUs) and revenue attracted a stampede of bulls. Let's dig deeper into Pinterest's international business and see if that enthusiasm is justified.
Image source: Pinterest.
Source Fool.com
