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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100