Earnings Results: Pinterest posts earnings beat and announces Amazon ad partnership, but forecast sends stock lower

April 27, 2023

Pinterest Inc. topped expectations Thursday and announced an advertising partnership with Amazon.com Inc., but its shares headed lower in aftermarket action as its forecast disappointed.

For the second quarter, Pinterest PINS expects that revenue will be approximately in line with the growth it saw in the most recent two quarters. Pinterest’s sales grew 4.6% in the first quarter and 3.5% in the December quarter, but the FactSet consensus implied 6.0% growth for the second quarter.

“While…

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

Watch now…