Categories AlphaGraphs, Earnings, Technology
PINS Earnings: Highlights of Pinterest’s Q2 2023 results
Image search services provider Pinterest, Inc (NYSE: PINS) has reported a sharp increase in adjusted profit for the second quarter of 2023 when its revenues rose by 6%.
Revenues increased across all geographical regions during the second quarter, driving the top line up by 6% year-over-year to $708 million.
The company’s net profit, adjusted for special items, climbed 91% year-over-year to $0.21 per share in the June quarter. On an unadjusted basis, it was a net loss of $34.9 million or $0.05 per share in Q2, compared to a profit of $43.1 million or $0.07 per share in the comparable period of 2022.
“Over the past year, we’ve been laser-focused on our key differentiators and we’re seeing results. Users are coming back more often and engaging more deeply, Pinterest is increasingly shoppable and actionable, and we’re delivering better and more measurable performance for our advertisers,” said Bill Ready, CEO of Pinterest.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Earnings Preview: FedEx looks set to report mixed results for Q4 2025
FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the
How Ulta Beauty’s (ULTA) new strategy is fueling growth
Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,