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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Pinterest Inc. (PINS) on Thursday reported a loss of $208.6 million in its first quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 31 cents. Earnings, adjusted for stock option expense and restructuring costs, were 8 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The digital pinboard and shopping tool company posted revenue of $602.6 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $594 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PINS">Zacks stock report on PINS at https://www.zacks.com/ap/PINS