Social media platform’s net income and revenue increase, but miss estimates
- Pinterest’s 4Q revenue was higher than the previous year
- However, it fell short of Wall Street’s estimates
- Net income for the quarter was $201.2 million
- Adjusted earnings were 53 cents a share
- Revenue grew to $981.3 million
- Monthly active users increased by 11% to 498 million
- Pinterest expects revenue between $690 million and $705 million for the first quarter
Pinterest reported higher revenue in the fourth quarter of the year, but it failed to meet Wall Street’s expectations. The company’s net income for the quarter was $201.2 million, or 29 cents a share, compared to $17.5 million, or 3 cents a share, in the previous year. Adjusted earnings were 53 cents a share, slightly above analysts’ estimates. However, revenue fell short of expectations, reaching $981.3 million instead of the expected $991.3 million. Despite this, Pinterest saw an 11% increase in monthly active users, reaching a total of 498 million. Looking ahead, the company expects revenue between $690 million and $705 million for the first quarter.
Public Companies: Pinterest (PINS)
Private Companies:
Key People: Bill Ready (Chief Executive)
Factuality Level: 8
Justification: The article provides specific financial figures and quotes from the Chief Executive, which can be verified. However, it does not provide any additional context or analysis, making it difficult to fully assess the accuracy of the information.
Noise Level: 3
Justification: The article provides straightforward information about Pinterest’s financial performance in the latest quarter. It includes relevant data such as net income, adjusted earnings, revenue, and monthly active users. The article also mentions the CEO’s statement about the company’s future plans. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. Overall, it is a concise and factual report without much noise.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets may be impacted by Pinterest’s higher revenue and adjusted earnings, as it indicates the company’s financial performance and potential growth. However, the impact may be limited as the revenue fell short of Wall Street’s estimates.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses Pinterest’s financial performance and forecasts, which are relevant to financial markets. However, there is no mention of any extreme event or its impact.
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