Pinterest Announces Second Quarter 2020 Results
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July 31, 2020 11:39 AM EDT
Deutsche Bank analyst Lloyd Walmsley said Pinterest Inc (NYSE: PINS) is on a path north of $40/share and would add to positions.
The analyst commented, "We would add to Pinterest positions, despite the surge today, as Pinterest 2Q results and outlook... More
July 31, 2020 7:31 AM EDT
Pinterest (NYSE: PINS) reported Q2 EPS of ($0.07), $0.06 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $272 million versus the consensus estimate of $251.24 million.
Q2 revenue grew 4% year over year to $272 million.Global Monthly Active Users (MAUs) grew 39% year over year to 416 million.GAAP net loss was $(101) million for Q2. Adjusted EBITDA was $(34) million.
This quarter we reached a milestonemore than 400 million people now come to Pinterest every month to get and stay inspired, said Ben Silbermann, CEO and co-founder, Pinterest. In... More
