News Formal

Pinterest delivers earnings beat, will partner with Amazon as it opens third-party ad demand

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Pinterest topped earnings, revenue and subscriber expectations Thursday. $PINS reported a net loss of $209 million, or 31 cents a share, compared to a loss of $5 million, or 1 cent a share, in the year-earlier period:

Pinterest Inc. topped earnings, revenue and subscriber expectations Thursday while announcing that it plans to open third-party advertising demand on its platform, starting with an Amazon.com Inc. partnership.

The company reported a net loss of $209 million, or 31 cents a share, whereas it recorded a loss of $5 million, or 1 cent a share, in the year-earlier period. The company recognized $121 million of restructuring charges in the quarter.

 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Amazon earnings: What to expect with AWS, e-commerce growth in focusConsumer spending restraint and a slowdown in cloud computing growth will be in focus Thursday afternoon when Amazon.com Inc. posts quarterly results.
Source: MarketWatch - 🏆 3. / 97 Read more »