This post was originally published on this site
Pinterest reported second quarter adjusted earnings per share of 21 cents a share on revenue of $708 million. Analysts expected adjusted earnings per share of 12 cents on revenue of $696.4M. Revenue was up 6%.
Shares were down 3.6% in after-hours trading.
Global monthly active users rose 8% to 465M, a faster pace than the first quarter’s 7% gain over the previous year, to 463M. Globally, average revenue per user dipped 1% to $1.53.
“In Q2, we continued to build momentum with consumers and advertisers while further accelerating our pace of innovation,” said CEO Bill Ready.
Pinterest sees third quarter revenue growing in the high single-digits range compared with the same period last year, about in line with expectations for growth of 7.6%.
The company just announced an arrangement with Amazon that allows advertisers to link to their products hosted on Amazon.com (NASDAQ:AMZN) through Pinterest.
Shares of Pinterest are up 19% this year.
