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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Pinterest Inc. (PINS) on Thursday reported third-quarter profit of $30.6 million.
On a per-share basis, the San Francisco-based company said it had net income of 4 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 40 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The digital pinboard and shopping tool company posted revenue of $898.4 million in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $897.1 million.
For the current quarter ending in December, Pinterest said it expects revenue in the range of $1.13 billion to $1.15 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PINS at https://www.zacks.com/ap/PINS