Categories AlphaGraphs, Earnings, LATEST, Technology

Earnings: Pinterest (PINS) turns to profit in Q2 as revenue more than doubles; results beat

Image sharing platform Pinterest, Inc. (NYSE: PINS) Thursday said it turned to net profit in the June quarter from a loss last year, supported by strong revenue growth. The numbers also came in above analysts’ forecast.

Pinterest Q2 2021 earnings infographic

The Silicon Valley-based social media firm posted earnings of $0.25 per share for the second quarter, on an adjusted basis, compared to a loss of $0.07 per share in the year-ago period. Experts had predicted a smaller bottom-line number for the most recent quarter.

On an unadjusted basis, the company reported a net income of $69.4 million, compared to a loss of $100.7 million in the second quarter of 2020. The improvement was the result of a 125% growth in revenues to $613 million, which exceeded the consensus forecast.

Read management/analysts’ comments on Pinterest’s Q2 results

Pinterest’s stock has experienced significant volatility since the beginning of the year. It closed Thursday’s trading lower and continued to lose during the extended session, immediately after the announcement.

Prior Performance

  • Pinterest Q3 2020 earnings
  • Pinterest-Q2-2020-Earnings-Infographic-scaled.jpg


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

UAL Earnings: United Airlines Q4 revenue Jumps; net loss narrows

Aviation giant United Airlines Holdings, Inc. (NYSE: UAL) reported a narrower net loss for the fourth quarter of 2021 as the company's revenues more than doubled during the period. The

Microsoft (MSFT), Activision (ATVI), Take-Two (TTWO), Zynga (ZNGA): Get ready for a new era in gaming

Over the past two weeks, the gaming industry has witnessed some key developments, namely the Microsoft-Activision and Take-Two Interactive-Zynga deals. These are major transactions that could herald a new era

Bank of America reports mixed Q4 results

Bank of America (NYSE: BAC) reported fourth-quarter 2021 financial results before the regular market hours on Wednesday. The banking giant reported Q4 revenue of $22.17 million, up 10% year-over-year, but

Add Comment
Viewing Highlight