Pinterest Loss and User Count Beat Estimates Amid Pandemic

published 31.07.2020 15:15

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Pinterest reported a net loss of $100.7 million, or 17 cents a share, for the latest quarter, shrinking from a loss of $1.16 billion, or $2.62, in the year-earlier quarter.

Pinterest’s monthly active user count soared 39% from the year-earlier quarter to 416 million in the quarter.

Pinterest (PINS) - Get Report shares on Friday leaped after the online bulletin board company posted stronger-than-expected second-quarter results amid the coronavirus pandemic.

Pinterest's second-quarter adjusted loss was narrower and its user count higher than analysts expected.

Pinterest estimates revenue will rise in the mid-30% range for the third quarter.

by Dan Weil from thestreet.com

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