News Formal

Pinterest Stock Gains After Solid Earnings. Analysts Like the Near-Term Story.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Revenue grew as the social-media company makes progress in attracting advertisers.

Pinterest turned in stronger quarterly earning and revenue than expected, bolstering analysts’ confidence about the social media site’s growth prospects.

Pinterest, which makes money by selling ads, said it expects revenue to grow by 11% to 13% in the current quarter versus a year ago. The midpoint of that range, at 12%, compares with the 11.4% projected by analysts. CEO Bill Ready said the firm is laying the ground for more third-party partnerships after deciding in April to start showing Amazon.com‘s Sponsored Product ads on its platform.

Benchmark analyst Mark Zgutowicz on Tuesday wrote Pinterest is showing “nice near term momentum” in advertising, but continues to rate the stock at Hold. The firm doesn’t have a target for the stock price.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Arista, Lattice, Pinterest, Wolfspeed, BP, AB InBev, and More Stock Market MoversArista Networks' third-quarter adjusted earnings easily topped estimates, Lattice Semiconductor issues a weak revenue forecast, and Pinterest posts a profit...
Source: MarketWatch - 🏆 3. / 97 Read more »

Pinterest's stock surges 12% on jump in revenue, earningsJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »

Pinterest's stock surges on jump in revenue, earningsJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »