Pinterest shares soar 16% on earnings beat, strong revenue growth
Pinterest(PINS) CNBC·2024-04-30 20:24
Shares of Pinterest popped 16% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021.Here's how the company did, compared to LSEG analyst expectations:Earnings per share: 20 cents adjusted vs. 13 cents expectedRevenue: $740 million vs. $700 million expectedRevenue for the quarter jumped 23% from $602.6 million a year earlier. Pinterest's net loss for the first quarter narrowed to $24.8 million, or a 4 cent ...