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.”
For consumer staples companies, rising inflation is probably turning into a bigger challenge than the virus-induced supply chain disruption and store closures. After bettering its position since the early months
HP Inc has shown a strong performance in Q4 2021. In spite of remote working, HP has shown a strong demand for PC and printer. The company has beat Zacks
In this era of digital transformation, the technology industry is seeing a rapid influx of innovative products and solutions that help businesses adapt to the fast-changing and complex environment. VMware