(NYSE: PINS) today announced financial results for the quarter and year ended Decem. “They’re aligned with our vision on what Pinterest can become, are supportive of our team and our efforts and see the same tremendous potential for long-term value creation that I do. SAN FRANCISCO- ( BUSINESS WIRE )-Pinterest, Inc.
3 By Beth McKenna at 6:00AM Key Points Wall Street expects Q4 revenue to jump 17 year over year. Pinterest is set to report its Q322 earnings on Thursday, October 27, after the market closes, and there are several key items that investors should keep their eyes on. For the fiscal year ending December 2023, this digital pinboard and shopping tool company is expected to earn 0.76 per share, which is a change of 22.6 from the year-ago reported number.
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“We’ve had a very collaborative and engaged dialogue with Elliott recently,” Ready told analysts on a conference all Monday night. Free Article Pinterest Earnings: What to Watch on Feb. Become a Pinterest virtual assistant Pinterest virtual assistants help bloggers, social media influencers, and online business owners optimize their Pinterest accounts. It was also the first quarterly earnings release led by Pinterest’s new CEO Bill Ready, whom Elliott praised as “ the right leader” to implement the company’s next phase of growth. The digital scrapbooking platform’s stock rally was mainly fueled by the confirmation of hedge fund Elliott Management’s investment during the second quarter, which made it Pinterest’s largest shareholder. At the end of June, Pinterest had 433 million monthly active users, representing a 5 percent decline from a year ago.īut investors chose to look at Pinterest’s brighter, non-financial aspects.
Both companies missed analysts’ estimates of revenue and profit, but reported slightly better-than-expected user count. Pinterest’s second-quarter financial results have many similarities with those of Snap, whose stock tumbled 25 percent after it posted earnings two weeks ago.
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