PINS

Discussion in 'Stocks' started by dealmaker, May 17, 2019.

  1. dealmaker

    dealmaker

    [​IMG]
    Pinterest delivers first earnings report as a public company
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    The company, led by co-founder and chief executive officer Ben Silbermann, posted revenues of $202 million on losses of $41.4 million for the three months ending March 31, 2019. This surpassed Wall Street estimates of about $200 million in first-quarter revenue on an adjusted loss of 11 cents per share. (TechCrunch)
     
  2. dealmaker

    dealmaker

    Pinterest Drops

    Wall Street may have liked Pinterest's Q1 sales, which slightly beat estimates, but not so much its full-year outlook. After the digital scrapbooking company released its first post-IPO results, its shares dropped as much as 19%. Its growth seems to be slowing, and profitability is not in sight yet. Fortune
     
    birdman likes this.