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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
Microsoft (MSFT) reports higher revenue and profit for Q3 2024
Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant’s main operating segments. Third-quarter revenues came in at $61.86 billion,
GOOG, GOOGL Earnings: All you need to know about Alphabet’s Q1 2024 earnings results
Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2024 earnings results today. Revenues increased 15% year-over-year to $80.5 billion. Revenue growth was 16% in constant currency. Net income was
