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Benzinga
  • 10 months ago
Pinterest shares jumped 15% in after-hours trading Thursday following its first-quarter earnings report and upbeat guidance, according to CNBC. The company posted $855 million in revenue, beating expectations, though adjusted EPS of $0.23 fell short of the $0.26 forecast. Pinterest forecasted second-quarter sales between $960 million and $980 million. The social media company reported 570 million monthly active users in the first quarter, surpassing Wall Street’s estimate of 565 million. Pinterest CEO Bill Ready said the company has transformed into a resilient, growth-driven platform and a key shopping destination, especially for Gen Z users.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Pinterest shares jumped 50% in after-hours trading Thursday following its first quarter earnings report and upbeat guidance, according to CNBC.
00:09The company posted $855 million in revenue, beating expectations, though adjusted EPS of 23 cents fell short of the 26 cents forecast.
00:17Pinterest forecasted second quarter sales between $960 million and $980 million.
00:22Social media company reported 570 million monthly active users in the first quarter, passing Wall Street's estimate of $565 million.
00:29Pinterest CEO Bill Reddy said the company has transformed into a resilient, growth-driven platform and a key shopping destination, especially for Gen Z users.
00:38For all things money, visit Benzinga.com slash GSTV.
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