Summary : SAN FRANCISCO (AP) _ Pinterest Inc. (PINS) on Monday reported a loss of $43.1 million in its second quarter.
The San Francisco-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 11 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
SAN FRANCISCO (AP) _ Pinterest Inc. (PINS) on Monday reported a loss of $43.1 million in its second quarter.
The San Francisco-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 11 cents per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. The digital pinboard and shopping tool company posted revenue of $665.9 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $660.5 million. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PINS at https://www.zacks.com/ap/PINS
