Pinterest Q4 Earnings: Revenue Miss, EPS Beat, Monthly Active Users Up 11% And More
Portfolio Pulse from Adam Eckert
Pinterest Inc (NYSE:PINS) reported its Q4 earnings with a 12% year-over-year revenue increase to $981 million, missing estimates of $989.53 million. Adjusted EPS was 53 cents, beating estimates of 51 cents. Global monthly active users (MAU) rose 11% to 498 million. Q1 revenue is expected to be between $690 million and $705 million, with operating expenses between $450 million and $465 million. Shares fell 13% after hours to $35.42.
February 08, 2024 | 9:17 pm
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Pinterest reported a revenue increase but missed estimates, with an EPS beat and significant MAU growth. Shares dropped 13% after hours.
The mixed Q4 earnings report showing a revenue miss but an EPS beat and MAU growth could lead to short-term negative sentiment among investors, as evidenced by the 13% drop in after-hours trading. The revenue miss may concern investors about growth sustainability, while the EPS beat and MAU growth indicate underlying strengths. The after-hours price action suggests immediate negative market reaction.
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