Pinterest (NYSE: PINS) reported third-quarter 2020 financial results after the closing bell on Wednesday. The social media company reported a 58% jump in Q3 revenues to $443 million, surpassing the Wall Street consensus. Earnings of $0.13 per share were also higher than what analysts had anticipated.
PINS shares gained 22% immediately following the announcement. The stock has soared 160% since the beginning of this year.
CFO Todd Morgenfeld said, “The strong momentum our business experienced in July continued throughout the rest of the third quarter. We are extremely pleased with the broad based strength of our business, driven by recovering advertiser demand as well as positive returns from our investments in advertiser products and international expansion.”
Prior performance
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
