Pinterest Inc reports results for the quarter ended June 30 - Earnings Summary

• Pinterest Inc PINS.N reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of thirty two analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 28 cents to 39 cents per share.

• Revenue rose 16.9% to $998.23 million from a year ago; analysts expected $974.81 million.

• Pinterest Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $38.76 million.

• Pinterest Inc shares had risen by 9.0% this quarter and gained 34.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 33 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Pinterest Inc is $42.00, about 6.7% above its last closing price of $39.17

This summary was machine generated from LSEG data August 8 at 03:38 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)