Pinterest Stock Blasts 36% Higher on Q2 Beats

Pinterest (NYSE: PINS) had its best-ever day on the stock exchange Friday, zooming near an all-time high on the back of the company's latest quarterly figures.

The hobby-pinning site operator released its Q2 results, which showed that revenue rose by 4% on a year-over-year basis to $272 million. That was supported by a 39% growth in the company's global monthly active users (MAUs) to 416 million.

As for the bottom line, Pinterest's adjusted loss deepened to just shy of $38.4 million ($0.07 per share), from the year-ago shortfall of $24.5 million.

Source Fool.com