Pinterest (PINS) Tops Q4 EPS by 2c, Offers Guidance, Approves $500M Buyback
(Update corrects revenue)
Pinterest (NYSE: PINS) reported Q4 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $877 million versus the consensus estimate of $887.01 million.
- Pinterest also announced its board of directors' authorization to repurchase up to $500 million of its Class A common stock over the next 12 months.
Guidance
Our current expectation is that Q1 2023 revenue will grow low single digits on a year-over-year percentage basis, which takes into account slightly lower foreign exchange headwinds than Q4 2022. We expect our Q1 2023 non-GAAP operating expenses to decline to low double digits percent quarter-over-quarter*.
For earnings history and earnings-related data on Pinterest (PINS) click here.