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Pinterest Rallies after Q1 Earnings, Revenue Rise Above Expectations; Q2 Revenue Outlook Set
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Pinterest Rallies after Q1 Earnings, Revenue Rise Above Expectations; Q2 Revenue Outlook Set
Apr 30, 2024 3:02 PM

05:04 PM EDT, 04/30/2024 (MT Newswires) -- Pinterest ( PINS ) was surging 19% in after-hours activity Tuesday after reporting Q1 non-GAAP net income of $0.20 per diluted share, up from $0.08 a year earlier.

Analysts polled by Capital IQ expected $0.13.

Revenue for the quarter ended March 31 was $740 million, up from $602.6 million a year earlier.

Analysts expected $700.1 million.

For Q2, the social media company is projecting revenue of $835 million to $850 million.

Analysts polled by Capital IQ are looking for $827.1 million.

Price: 39.90, Change: +6.45, Percent Change: +19.28

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