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Pinterest surges 17% after earnings beat as company posts strong guidance
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Pinterest surges 17% after earnings beat as company posts strong guidance

CNBC·Jonathan Vanian·28 days ago
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Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 17% after the report. Here's how the company did, compared to analysts' consensus estimates from LSEG: Earnings per share : 27 cents adjusted vs. 23 cents expected Revenue : $1.01 billion vs. $966 million expected Sales in Pinterest's first quarter rose 18% year-over-year while the company posted a net loss of $73.59 million, a loss of 12 cents per share. A year ago, the social media company posted net income of $8.92 million, or 1 cent per share. Pinterest said second-quarter revenue should come in the range of $1.13 billion to $1.15 billion, which is higher than the $1.11 billion that Wall Street was projecting.…

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