Photo-sharing site Pinterest (PINS) has released first quarter revenue guidance of $269- $272 million, bracketing the Street’s estimated $270 million, causing shares to jump in after-hours trading on April 7.For the quarter ended March 31, 2020, the company is now looking for global monthly active users in the range of 365-367 million- implying a record-high 30 million+ Net Additions and dramatically exceeding Street estimates of 353 million.PINS also withdrew financial guidance for the full year 2020 citing the growing uncertainty of the impact of COVID-19 on the economic environment, and the resulting effect on advertiser demand.“First-quarter revenue performance was consistent …read more
Source:: Yahoo Finance
