Pinterest (PINS) Tops Q1 EPS by 6c, Guidance Beats

Pinterest (NYSE: PINS) reported Q1 EPS of $0.20, $0.06 better than the analyst estimate of $0.14. Revenue for the quarter came in at $740 million versus the consensus estimate of $700.27 million.

GUIDANCE:

Pinterest sees Q2 2024 revenue of $835-850 million, versus the consensus of $826.5 million.

• For Q2 2024, we expect revenue to be in the range of $835 million to $850 million, representing 18-20% growth year over year. We expect Q2 2024 Non-GAAP operating expenses* to be in the range of $490 million to $505 million, representing 11-15% growth year over year. Please note that our operating expense guidance does not include cost of revenue.

For earnings history and earnings-related data on Pinterest (PINS) click here.

You May Also Be Interested In

• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Bernstein SocGen Reiterates Outperform Rating on Fervo Energy (FRVO)
• Korn Ferry (KFY) Tops Q4 EPS by 2c, Beats on Revenue; Offers Q1 Guidance