Pinterest stock jumps on Q1 earnings beat

Pinterest (PINS) reported first quarter results that topped Street estimates on both the top and bottom lines. The company reported adjusted earnings of $0.20 per share versus a $0.14 estimate. Revenue of $740.0 million was better than the $700.3 million estimate. Pinterest reported having 518 million monthly active users compared to an estimated 503.75 million. Average revenue per user of $1.46 topped estimates of $1.39.

Yahoo Finance’s Julie Hyman and Josh Lipton break down the social media company’s quarterly results.

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This post was written by Stephanie Mikulich.