Pinterest Surges on Revenue Beat as Social Peers Struggle
- Third-quarter sales topped estimates and monthly users grew
- Pinterest stands out ‘amidst the wreckage’: Barclays says
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Pinterest Inc. surged after reporting third-quarter revenue that beat analysts’ estimates, standing out from its social media peers in a difficult market.
Third-quarter sales grew 8% to $684.55 million, the company said, topping the average analyst estimate for $666.85 million. Monthly active users also grew slightly to 445 million, from 444 million in the year-ago period, after three straight quarters of declines.