Market Overview

Pinterest Shares Higher After Q4 Earnings Beat

Share:
Pinterest Shares Higher After Q4 Earnings Beat

Pinterest (NYSE: PINS) shares are trading higher after the company reported better-than-expected fourth-quarter EPS and sales results.

The company reported quarterly earnings of 12 cents per share, which beat the analyst consensus estimate of 8 cents.

Pinterest reported quarterly sales of $400 million, which beat the analyst consensus estimate of $371.53 million by 7.66%.

The company sees fiscal year 2020 sales up to $1.52 billion versus the $1.5 billion estimate.

"We are pleased with the performance of our business in Q4 and the many milestones we achieved in 2019," CFO Todd Morgenfeld said in a statement. "We scaled the business to over $1 billion in annual revenue, grew to over 300M monthly active users and opened 21 new international advertising markets. We look forward to the opportunities ahead of us as we continue to invest in the Pinner and advertiser experience."

Pinterest shares were trading up 15% at $26.50 in Thursday's after-hours session. The stock has a 52-week high of $36.83 and a 52-week low of $17.39.

Related Links:

WWE Shares Slammed (Again) On Q4 Sales Miss, Network Subscribers Drop

Tyson Foods Reports Mixed Q1 Earnings

 

Related Articles (PINS)

View Comments and Join the Discussion!

Posted-In: Earnings News Guidance After-Hours Center Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com