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21.01.2020 15:26:00

Pinterest Earnings: Will Revenue Growth Disappoint Investors Again?

Pinterest (NYSE: PINS) is slated to report its fourth-quarter and full-year 2019 results after the market closes on Thursday, Feb. 6. Investors will likely be approaching the report with caution. Last quarter, the image-sharing platform operator missed Wall Street's consensus revenue estimate and issued lighter full-year revenue guidance than analysts had been projecting. The company did, however, beat the bottom-line expectation by turning in a surprise adjusted profit.The market sent shares plunging 17% the following day. The market focused more on the revenue miss and outlook than the earnings beat largely because the company just went public last April. Ramping up revenue growth quickly is ultraimportant for such companies, particularly in the tech realm.Continue reading
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