Pinterest Stock Jumps 19% on Earnings and Revenue Beats, as Well as Solid Guidance
Pinterest (NYSE: PINS) stock gained 19% on Tuesday following the image-based social media company's release of its third-quarter report Monday afternoon.
Investors' enthusiasm was primarily attributable to the fact that revenue and earnings both exceeded Wall Street's consensus estimates, and its fourth-quarter revenue guidance was slightly rosier than analysts had been expecting. Moreover, the company's key user and operational data likely at least satisfied investors.
Data source: Pinterest. GAAP = generally accepted accounting principles.
Source Fool.com
