Pinterest: 'For Q4 2023, we expect revenue to grow in the 11-13% range year over year. We expect Q4 2023 Non-GAAP operating expenses* to decline in the 9-13% range year over year'
Portfolio Pulse from Benzinga Newsdesk
Pinterest expects its revenue to grow by 11-13% YoY in Q4 2023. The company also anticipates its Q4 2023 Non-GAAP operating expenses to decrease by 9-13% YoY.
October 30, 2023 | 8:11 pm
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POSITIVE IMPACT
Pinterest's projected revenue growth and decrease in operating expenses for Q4 2023 could indicate a positive financial outlook.
The projected increase in revenue and decrease in operating expenses for Pinterest in Q4 2023 suggests potential for improved profitability, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100