Pinterest stock soars as earnings and revenue beat, users increase for first time in a year

Pinterest Inc. overcame a difficult online-ad environment to increase revenue more than expected and break a streak of sequential user declines in the first quarter, sending its shares soaring in after-hours trading Wednesday.

“Despite a challenging macroeconomic and geopolitical environment, we grew revenue 18% year over year,” Chief Executive Ben Silbermann said in a statement. Pinterest makes money from online advertisements on its core online-scrapbooking product, a business that has shown cracks in recent months as Apple Inc. AAPL, -0.15% instituted new privacy measures and some companies have cut back on their marketing spending. Shares have dropped nearly 50% so far this year, declining 48.6% as the S&P 500 index SPX, +0.21% has fallen 12.4%.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Pinterest jumps after earnings beatThe company missed analyst expectations slightly on monthly active users.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Microsoft earnings beat across the board, stock up on outlookMicrosoft's Azure cloud revenue came in higher than analysts had expected, with the company citing strong demand for consumption-based services. Phew Thats cheat: Microsoft and Outlook 🤔🙄😏😁 What happened to Samsung Electronics's stock who beat the market expectation consecutively more than a year in a row ?
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »