Pinterest Stock Pops on Earnings Beat and Sequential User Growth
Pinterest (NYSE: PINS) stock is up 4.9% on Thursday as of 11:21 a.m. ET following the social media company's release of better-than-expected first-quarter 2022 results after the market close on Wednesday.
The quarter's earnings crushed the Wall Street consensus estimate, while revenue slightly exceeded analysts' expectations. Moreover, the global monthly active user count edged up sequentially, reversing the downward trend of the prior three quarters. While revenue guidance for the second quarter came in a little lighter than the Street had expected, this was a relatively minor hiccup.
Here's how the quarter worked out for Pinterest and its investors.
Source Fool.com
