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2021-11-09

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Pinterest stock climbed 4.8% in premarket trading

Pinterest stock climbed 4.8% in premarket trading after the image-sharing platform reported better-t

Pinterest stock climbed 4.8% in premarket trading

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When users opt out, it makes things more difficult for companies like Pinterest to assess the effectiveness of online ads. Though Pinterest stock fell last month following results from advertising-focused peers that took a hit from the changes, the company’s better-than-expected results were a positive sign for investors.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pinterest stock climbed 4.8% in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPinterest stock climbed 4.8% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-05 16:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Pinterest stock climbed 4.8% in premarket trading&nbsp;after the image-sharing platform reported better-than-expected earnings.</p>\n<p><img src=\"https://static.tigerbbs.com/378b8f57619359642bed779d09b7c542\" tg-width=\"850\" tg-height=\"620\" width=\"100%\" height=\"auto\"></p>\n<p>Pinterest reported non-GAAP net income of $190.5 million, or 28 cents a share. Revenue jumped 43% year over year to $633 million.</p>\n<p>Wall Street’s consensus estimate called for adjusted earnings of 22 cents a share and sales of $631 million, according to FactSet.</p>\n<p>The company reported average revenue per user of $1.41, ahead of analyst forecasts at $1.38. Monthly active users rose 1% to 444 million.</p>\n<p>Big moves are a bit of a trend for the company. In the day following the company’s eight most recent earnings reports, shares of Pinterest have averaged a staggering 17.8% absolute move up or down, according to Dow Jones Market Data. The stock, on average, has gained 1.7% during that period. In the two most recent quarters, shares declined 18% on July 30 and 14.5% on April 28.</p>\n<p>During its second-quarter report, the company disclosed that the unwinding of pandemic lockdowns weighed on user growth. Several analysts downgraded the stock following the earnings release.</p>\n<p>The company once again cited easing lockdowns as a headwind during the third quarter. “Looking beyond the COVID-19-driven volatility, our current view on the long-term opportunity to grow our user base, both in the US and globally, remains unchanged from what it was before the pandemic,” executives wrote in a letter to shareholders.</p>\n<p>Pinterest made headlines last month following a Bloomberg report that&nbsp;PayPal&nbsp;was exploring a possible acquisition. While Pinterest shares soared briefly, the idea was widely panned by Wall Street. PayPal later said it wasn’t currently pursuing such a deal, sending Pinterest shares tumbling at the time.</p>\n<p>Investors were also watching to see the impact of&nbsp;Apple‘s iOS privacy changes. The company now asks users if they want to opt into tracking. When users opt out, it makes things more difficult for companies like Pinterest to assess the effectiveness of online ads. Though Pinterest stock fell last month following results from advertising-focused peers that took a hit from the changes, the company’s better-than-expected results were a positive sign for investors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PINS":"Pinterest, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106162879","content_text":"Pinterest stock climbed 4.8% in premarket trading after the image-sharing platform reported better-than-expected earnings.\n\nPinterest reported non-GAAP net income of $190.5 million, or 28 cents a share. Revenue jumped 43% year over year to $633 million.\nWall Street’s consensus estimate called for adjusted earnings of 22 cents a share and sales of $631 million, according to FactSet.\nThe company reported average revenue per user of $1.41, ahead of analyst forecasts at $1.38. Monthly active users rose 1% to 444 million.\nBig moves are a bit of a trend for the company. In the day following the company’s eight most recent earnings reports, shares of Pinterest have averaged a staggering 17.8% absolute move up or down, according to Dow Jones Market Data. The stock, on average, has gained 1.7% during that period. In the two most recent quarters, shares declined 18% on July 30 and 14.5% on April 28.\nDuring its second-quarter report, the company disclosed that the unwinding of pandemic lockdowns weighed on user growth. Several analysts downgraded the stock following the earnings release.\nThe company once again cited easing lockdowns as a headwind during the third quarter. “Looking beyond the COVID-19-driven volatility, our current view on the long-term opportunity to grow our user base, both in the US and globally, remains unchanged from what it was before the pandemic,” executives wrote in a letter to shareholders.\nPinterest made headlines last month following a Bloomberg report that PayPal was exploring a possible acquisition. While Pinterest shares soared briefly, the idea was widely panned by Wall Street. PayPal later said it wasn’t currently pursuing such a deal, sending Pinterest shares tumbling at the time.\nInvestors were also watching to see the impact of Apple‘s iOS privacy changes. The company now asks users if they want to opt into tracking. When users opt out, it makes things more difficult for companies like Pinterest to assess the effectiveness of online ads. 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