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Earnings Results: Pinterest reports jumps in sales and earnings, but monthly active users dive – Vested Daily
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Earnings Results: Pinterest reports jumps in sales and earnings, but monthly active users dive

Pinterest Inc. reported strong sales and earnings for its third quarter, but a shortfall in monthly active users.

The stock PINS jumped 8% in extended trading Thursday after the social-media company reported fiscal third-quarter results that underwhelmed Wall Street. Pinterest reported net income of $94 million, or 14 cents a share, compared with a net loss of $94.2 million, or 16 cents a share, in the year-ago quarter. The company’s adjusted net income was $201 million, or 28 cents a share.

Revenue…

This post was originally published on Market Watch

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