Pinterest Inc.
- Pinterest soared 16.6% to $39.03 after the social media company reported better-than-expected revenue and earnings in the first quarter.
Revenue in the first quarter increased 23% to $740 million from $603 million, net loss shrank to $24.8 million from $208.6 million, and diluted loss per share eased to 4 cents from 31 cents a year ago.
The company projected second-quarter revenue between $835 million and $850 million, representing growth between 18% and 20% from a year ago.
May 1, 2024
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