Pinterest Shares Surge 20% After Beating Revenue Estimates in Strong Q4 Earnings Report

Benzinga

Pinterest shares surged up to 20% after the company posted fourth-quarter earnings that beat revenue estimates. Pinterest's first-quarter sales forecast exceeds analysts' expectations at its midpoint. Monthly active users and average revenue per user also exceeded expectations. Pinterest CEO Bill Ready said the company's strategy is driving user engagement and delivering results for both users and advertisers. Pinterest's report follows stock gains for other social media companies after strong quarterly results.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Pinterest shares surged up to 20 percent after the company posted fourth quarter earnings that

00:06beat revenue estimates. Pinterest's first quarter sales forecast exceeds analysts' expectation

00:12at its midpoint. Monthly active users and average revenue per share also exceeded expectations.

00:18Pinterest CEO Bill Reddy said the company's strategy is driving user engagement and

00:23delivering results for both users and advertisers. Pinterest reports follows

00:28stock gains for other social media companies after strong quarterly results.

00:31For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended