Image sharing platform Pinterest, Inc. (NYSE: PINS) reported a slightly wider loss for the second quarter of 2020, while revenues increased. It was better than the outcome analysts had predicted.
The company, which went public more than a year ago, reported a loss of $0.07 per share for the June quarter, on an adjusted basis, compared to a loss of $0.06 per share in the year-ago period. Net loss, meanwhile, narrowed to $100.75 million or $0.17 per share from $1.16 billion or $2.62 per share las year.
Revenues increased 4% annually to $272.5 million even as the number of global monthly active users grew by 39%. Both revenues and the bottom-line topped expectations.
Most Popular
Yelp Q2 earnings: All key figures
Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated. YELP shares rose 4% immediately following the
Infographic: Uber (UBER) Q2 loss narrows; revenue beats
Uber Technologies (NYSE: UBER) reported its second-quarter 2020 financial results after the regular trading hours on Thursday. Revenues exceeded the estimates, while the bottom-line missed. Shares of the ride-hailing company
TMobile (TMUS) Q2 revenue up 61%; results beat Street view
TMobile US Inc. (NASDAQ: TMUS) on Thursday announced financial results for the second quarter of 2020, reporting a 61% increase in revenues aided by strong customer growth. The results also