PINS Stock | Pinterest Q1 2019 Earnings Call Video

Pinterest’s stock tumbles after Q1 earnings miss
May 16, 2019

Pinterest (NYSE: PINS) reported better-than-expected revenue for the first quarter of 2019 but earnings missed estimates, sending shares tumbling over 15% in after-market hours on Thursday. The consensus estimate was for a loss of $0.15 per share on revenue of $200 million.

Revenues grew 54% year-over-year to $202 million, surpassing $200 million for the second consecutive quarter.

GAAP net loss was $41.4 million, or $0.33 per share, compared to $52.7 million, or $0.42 per share, in the prior-year period. Adjusted net loss was $40.3 million, or $0.32 per share.

CFO Todd Morgenfeld said, “We were particularly encouraged by the strength we saw in U.S. revenue and international user growth. Our strong revenue performance allowed us to expand net margin by 20 percentage points year-over-year, reflecting our continued prioritization and disciplined execution across our strategic priorities.”

Earnings Calendar: https://alphastreet.com/symbol/PINS/earnings-calendar

Earnings Calls: https://alphastreet.com/symbol/PINS/earnings-calls

Earnings Transcripts: https://alphastreet.com/symbol/PINS/earnings-call-transcripts

SEC Filings: https://alphastreet.com/symbol/PINS/sec-filings

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This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥

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YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟

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