Advertisers still don't seem to be taking to this platform as hoped.Shares of image-browsing platform Pinterest (PINS -16.24%) tanked on Friday after the company reported financial results for the third quarter of 2024. As of 11:15 a.m. ET, Pinterest stock was down 15% and approaching 52-week lows. And investors could be perplexed by this, considering its Q3 financial results beat expectations.For context, Pinterest had 537 million monthly active users at the end of Q3, an all-time high. And higher revenue ...

Pinterest, Inc. (PINS) reported healthy third-quarter 2024 results, with the bottom and top lines surpassing the respective Zacks Consensus Estimate. The San Francisco-based Internet content provider reported revenue growth year over year, driven by strong user growth across all regions.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Management’s focus on improving shoppability and monetization potential across the platform and the incorporation of advanced AI-integrated tools have ...

Key TakeawaysPinterest shares fell early Friday following a third-quarter earnings report with lower profits than expected.Revenue came in narrowly above estimates, as the company said its new AI advertising features are making ads on the platform more effective.Pinterest's fourth-quarter revenue projections came in below expectations, as analysts said Pinterest is facing "pressure" in food and beverage advertising. Pinterest (PINS) shares slumped Friday morning after the social media company's third-quarte ...

So far, it has been a buoyant Q3 earnings season, with investors cheering Donald Trump's reelection and mostly sending stocks soaring after their earnings prints. Those who have lost during earnings season, however, have lost big, and Pinterest (With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regu ...

Pinterest (PINS) reported $898.37 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 17.7%. EPS of $0.40 for the same period compares to $0.28 a year ago.The reported revenue represents a surprise of +0.15% over the Zacks Consensus Estimate of $897.07 million. With the consensus EPS estimate being $0.34, the EPS surprise was +17.65%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Pinterest (PINS) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.65%. A quarter ago, it was expected that this digital pinboard and shopping tool company would post earnings of $0.28 per share when it actually produced earnings of $0.29, delivering a surprise of 3.57%.Over the last ...

Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024.Pinterest shares plunged 15% Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite it beating the top and bottom lines with its third-quarter earnings.Here's how the company performed, according to LSEG:Revenue: $898 million vs. $896 million expectedEarnings per share: 40 cents adjusted vs. 34 cents expectedThe company said that fourth-quarter revenue will be be ...

Pinterest, Inc. (PINS) is scheduled to report third-quarter 2024 results on Nov. 7, after the closing bell. The company pulled off a trailing four-quarter earnings surprise of 20.92%, on average. In the last reported quarter, it reported an earnings surprise of 3.57%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company is expected to witness a top-line expansion year over year, driven by increasing user engagement in the United States, Canada and Europe. Initiative to introdu ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about Pinterest (PINS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Pinterest currently has an ave ...

Pinterest (PINS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this digital pinboard and shopping tool company have returned -1% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Internet - Software industry, to which Pinterest belongs, has gained 3.5% over this period. Now the key question is: Where could the stock be headed in the ne ...