Earnings Commentary Source Investorplace.
Adjusted EPS coming in positive is an improvement over adjusted losses per share in the third quarter of 2018.
Revenue comes in 47.06% higher YoY from $190.20 million.
Loss from operations during the quarter is -$133.71 million.
That’s a 496.12% wider operating loss than -$22.43 million in the same period of the year prior.
The Pinterest earnings report also includes a net loss of -$124.73 million.
That’s 561% worse than its net loss of -$18.87 million in the third quarter of the previous year.
Despite the poor results, Pinterest co-founder and CEO Ben Silbermann is putting on his best face.
“In Q3, we redesigned Pinterest to make the service more intuitive and improved recommendations quality to help people discover new ideas they didn’t know about before. We are also expanding the number of shoppable products on Pinterest, which makes it easy for our users to go from inspiration to action.”
The Pinterest earnings report also includes a weak outlook for the full year of 2019. That includes revenue coming in between $1.100 billion and $1.115 billion. For comparison, Wall Street is expecting revenue of $1.12 billion for the year.
PINS stock was down 16.03% as of Friday afternoon.
Short interest 13.58%
Company profile
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
Adjusted EPS coming in positive is an improvement over adjusted losses per share in the third quarter of 2018.
Revenue comes in 47.06% higher YoY from $190.20 million.
Loss from operations during the quarter is -$133.71 million.
That’s a 496.12% wider operating loss than -$22.43 million in the same period of the year prior.
The Pinterest earnings report also includes a net loss of -$124.73 million.
That’s 561% worse than its net loss of -$18.87 million in the third quarter of the previous year.
Despite the poor results, Pinterest co-founder and CEO Ben Silbermann is putting on his best face.
“In Q3, we redesigned Pinterest to make the service more intuitive and improved recommendations quality to help people discover new ideas they didn’t know about before. We are also expanding the number of shoppable products on Pinterest, which makes it easy for our users to go from inspiration to action.”
The Pinterest earnings report also includes a weak outlook for the full year of 2019. That includes revenue coming in between $1.100 billion and $1.115 billion. For comparison, Wall Street is expecting revenue of $1.12 billion for the year.
PINS stock was down 16.03% as of Friday afternoon.
Short interest 13.58%
Company profile
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.