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.”
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company