Pinterest (PINS) Tops Q3 EPS by 5c, Revenue Beats

Pinterest (NYSE: PINS) reported Q3 EPS of $0.11, $0.05 better than the analyst estimate of $0.06. Revenue for the quarter came in at $685 million versus the consensus estimate of $665.54 million.

Guidance:

Our current expectation is that Q4 2022 revenue will grow mid-single digits on a year-over-year percentage basis, which takes into account slightly greater foreign exchange headwinds than in Q3 2022. We expect our Q4 2022 non-GAAP operating expenses to grow low double digits percent quarter-over-quarter*. For the full year, we expect non-GAAP operating expenses to grow around 35% year over year*.

For earnings history and earnings-related data on Pinterest (PINS) click here.

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