Pinterest Q3 Revenue $763M vs $743.5M Est.
Portfolio Pulse from Benzinga Newsdesk
Pinterest has reported its Q3 revenue of $763M, which is higher than the estimated $743.5M.
October 30, 2023 | 8:08 pm
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POSITIVE IMPACT
Pinterest's Q3 revenue exceeded expectations, which could positively impact the company's stock.
Companies that report higher than expected earnings typically see a positive reaction in their stock price. Pinterest's reported Q3 revenue of $763M, which is higher than the estimated $743.5M, could therefore lead to a short-term increase in the PINS stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100