Pinterest Inc PINS shares are trading higher after the company reported better-than-expected third-quarter EPS and sales results.
Pinterest reported quarterly earnings of 28 cents per share which beat the analyst consensus estimate of 23 cents per share. Pinterest reported quarterly sales of $632.93 million which beat the analyst consensus estimate of $631.24 million. This is a 43% increase over sales of $442.62 million in the same period last year.
“We were pleased with the financial results that we delivered in Q3,” said Ben Silbermann, CEO and co-founder, Pinterest. “Revenue grew 43% year-over-year and I am proud of the team’s progress in launching a number of new products for both creators and brands, bringing more video content and shoppable features to Pinterest.”
Pinterest a visual discovery engine where people find inspiring creators, shop new products, and seek out ideas to take offline.
Pinterest has a 52-week high of $89.90 and a 52-week low of $43.50.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
