The Clap
Pinterest (NYSE: PINS) reported earnings of 11 cents per share and revenues of $684.6, beating analysts’ expectations on both the top and bottom lines.
The Deets
Pinterest recorded an 8% YoY increase in its revenues, while monthly average users remained stable.
The company is expecting moderate growth during the coming period, taking into account changes in the foreign exchange rate.
Why this Matters
Pinterest went against the tech herd, who have been faced with a rough beginning to earnings season.
Now What
Pinterest’s shares are up more than 9% during after-hours following the report.
