Pinterest stock closes up 19% after earnings beat, advertising outlook
Publishing timestamp: 2023-10-31 16:04:24
Summary
Pinterest's stock surged over 19% after beating earnings expectations and addressing concerns about potential ad revenue loss due to the Israel-Hamas war. The company reported strong user engagement data and stated that advertisers who had paused spending due to the war were returning. Analysts were optimistic about Pinterest's future growth and raised their price targets for the stock. The company's use of artificial intelligence to improve user experience was also praised.
Sentiment: POSITIVE
Keywords: pinterest inc, breaking news: technology, business news, technology, meta platforms inc,