SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Pinterest Inc. (PINS) on Thursday reported fourth-quarter net income of $201.2 million.
On a per-share basis, the San Francisco-based company said it had profit of 29 cents. Earnings, adjusted for stock option expense and amortization costs, were 53 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The digital pinboard and shopping tool company posted revenue of $981.3 million in the period, which missed Street forecasts. Eleven analysts surveyed by Zacks expected $988.6 million.
For the year, the company reported a loss of $35.6 million, or 5 cents per share. Revenue was reported as $3.06 billion.
For the current quarter ending in March, Pinterest said it expects revenue in the range of $690 million to $705 million.
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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