Pinterest Q1 2024 GAAP EPS $(0.04) Beats $(0.09) Estimate, Sales $740.000M Beat $699.872M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pinterest reported Q1 2024 earnings with a GAAP EPS of $(0.04), surpassing the $(0.09) estimate. Sales reached $740M, exceeding the $699.872M forecast and marking a 22.81% increase from the previous year.
April 30, 2024 | 8:07 pm
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Pinterest's Q1 2024 earnings outperformed expectations with a smaller loss per share and higher sales than anticipated, indicating strong revenue growth.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant outperformance in sales and the reduction in losses compared to expectations highlight operational efficiency and market strength, which are positive indicators for investors.
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