Pinterest shares jump as company issues early Q1 guidance

Shares of Pinterest jumped Tuesday after hours after the company issued early guidance for its fiscal first quarter.

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019.jumped as much as 13% Tuesday after hours, after the company issued early guidance for its fiscal first quarter that beat analysts' expectations.

"First-quarter revenue performance was consistent with our expectations through the middle of March, when we began to see a sharp deceleration. Fortunately, despite weakness across nearly the entire advertising market, our exposure to some of the most affected segments like travel, automotive, and restaurants has not been significant," the company said.

Great Company 👍🏻

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US digital health startups raked in a whopping $3.1 billion in Q1 2020 - Business InsiderUS digital health startups collected $3.1 billion in Q1 2020, and funding for startups with innovative, provider-facing solutions will continue.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Luckin Coffee chairman defaults on loan, surrenders company sharesLuckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu's family defaulted on a $518 million margin loan, one of the banks said on Monday. srqstockpicker yikes when does he re- IPO?
Source: Reuters - 🏆 2. / 97 Read more »