Pinterest: 4Q Earnings Snapshot
SAN FRANCISCO (AP) _ Pinterest Inc. (PINS) on Thursday reported a loss of $35.7 million in its fourth quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 6 cents. Earnings, adjusted for stock option expense and amortization costs, came to 12 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The digital pinboard and shopping tool company posted revenue of $399.9 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $373.2 million.
For the year, the company reported a loss of $1.36 billion, or $3.24 per share. Revenue was reported as $1.14 billion.
Pinterest shares have increased 23% since the beginning of the year.