Pinterest (NYSE:PINS) announced its quarterly earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.24, MarketWatch Earnings reports. Pinterest had a negative net margin of 120.48% and a negative return on equity of 73.06%. The company had revenue of $272.30 million during the quarter, compared to analyst estimates of $254.79 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The firm’s revenue was up 4.2% on a year-over-year basis.
NYSE:PINS traded up $9.10 on Friday, hitting $34.29. The company’s stock had a trading volume of 111,863,722 shares, compared to its average volume of 10,902,758. Pinterest has a one year low of $10.10 and a one year high of $36.83. The firm has a market capitalization of $20.11 billion, a P/E ratio of -10.85 and a beta of 1.56. The stock has a fifty day moving average of $23.92 and a two-hundred day moving average of $20.41. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.08.
In related news, CFO Todd R. Morgenfeld sold 36,233 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $18.59, for a total transaction of $673,571.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Benjamin Silbermann sold 66,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $21.43, for a total value of $1,425,095.00. Following the transaction, the chief executive officer now directly owns 66,500 shares in the company, valued at $1,425,095. The disclosure for this sale can be found here. Insiders have sold a total of 983,025 shares of company stock valued at $21,910,436 over the last quarter.
Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.
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