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Pinterest: Q3 Earnings Snapshot
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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Pinterest Inc. (PINS) on Thursday reported third-quarter earnings of $21.5 million.

On a per-share basis, the San Francisco-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, came to 46 cents per share.

The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The digital pinboard and shopping tool company posted revenue of $1.17 billion in the period, also falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $1.2 billion.

For the current quarter ending in December, Pinterest said it expects revenue in the range of $1.43 billion to $1.48 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PINS at https://www.zacks.com/ap/PINS

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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