Thursday, August 1, 2019
Pinterest (PINS) reported earnings on Thur 1 Aug 2019 (a/h)
** charts before earnings **
Pinterest beats by $0.03, beats on revs; raises FY19 revs guidance above consensus
Reports Q2 (Jun) loss of $0.06 per share, $0.03 better thanthe S&P Capital IQ Consensus of ($0.09); revenues rose 62.0% year/year to $261.2 mln vs the $237.23 mln S&P Capital IQ Consensus.
Global MAUs increased 30% yr/yr to 300 mln.
Global ARPU increased 29% yr/yr to $0.88.
Co issues raises guidancefor FY19, sees FY19 revs of $1.095-$1.115 bln vs. prior guidance of $1.055-$1.08 bln and vs. the $1.07 bln S&P Capital IQ Consensus.