The social network Pinterest presented its balance sheet on Thursday evening after the US market closed.
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On Thursday evening, Pinterest opened the books for the fourth quarter of 2019, surprising the market. For the past three months, EPS of $ 0.064 was reported, compared to $ 0.072 per share on the books in the same period last year. Experts had previously anticipated earnings per share of $ 0.079. In addition, $ 399.898 million was generated. Here, analyst estimates were $ 367.4 million, compared to $ 273.2 million in the fourth quarter of 2018.
For 2019 as a whole, Pinterest reported EPS of $ -3.24. After the social network made a loss of $ 0.110 in 2018, the current value is significantly below analyst forecasts of $ -0.062 per share. In terms of sales, the experts had assumed the jump above the billion dollar mark and estimated the average at $ 1.11 billion. After $ 755.9 million in 2018, Pinterest generated $ 1.143 billion in the past fiscal year.
Pinterest stock jumped 16.04 percent to $ 26.70 in pre-IPO NYSE trading. In official trade, there was ultimately a premium of 9.52 percent to $ 25.20 on the course board.
Editorial office finanzen.at
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