Pinterest Q4 2023 Adj EPS $0.53 Beats $0.51 Estimate, Sales $981.00M Miss $989.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pinterest (PINS) reported Q4 2023 adjusted EPS of $0.53, surpassing the $0.51 estimate, but its sales of $981.00M fell short of the $989.53M forecast. This represents an 11.83% increase in sales compared to the same period last year.

February 08, 2024 | 9:08 pm
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Pinterest's Q4 2023 earnings beat EPS estimates but missed on sales forecasts, showing a mixed financial performance.
The mixed results from Pinterest's Q4 2023 earnings report, with an EPS beat but a slight miss on sales forecasts, could lead to a neutral short-term impact on the stock price. Investors might react positively to the earnings beat, but the sales miss could temper enthusiasm. The significant year-over-year sales growth indicates underlying business strength, which could support the stock. However, the close miss on sales forecasts suggests that market expectations were already high, potentially limiting the upside from the earnings beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100