Pinterest Shares Soar 13% on Better Than Expected Q3 Results
<p><a href='https://financialmodelingprep.com/financial-summary/PINS'>Pinterest (NYSE:PINS)</a> shares surged more than 13% on Friday following the company’s reported Q3 results, with EPS of $0.11 coming in better than the Street estimate of $0.06. Revenue was $685 million, compared to the Street estimate of $665.54 million. The company expects Q4/22 revenue to grow mid-single digits year-over-year.</p>
<p>According to the analysts at RBC Capital, MAU's/engagement is going in the right direction, the company's providing strong disclosure on new commerce-related product development, optionality's increasing and management is off to a great start with investors. </p>
<p>While the company is a commerce/ARPU story, the analysts noted they were intrigued at the company's potential to tie shopping to its strong discovery engine and are encouraged by its expanding toolkit to do so.</p>

NYSE:PINS