Will Pinterest Stock Continue Surging After Its Earnings Beat?
Pinterest (NYSE: PINS) surged 36% in Friday's trading as the company beat both revenue and earnings estimates. Heightened interest in the platform and growth outside of the United States got the market's attention.
However, the higher stock price also forces investors to reevaluate the company. Should they start building their positions in Pinterest stock or wait for a pullback? Let's examine the company's financials and its business to see whether it remains a buy for new investors.
Pinterest showed resilience in the face of some major headwinds. Revenue of $272.5 million came in only 4% higher year over year. However, that top line figure easily topped the analysts' consensus of approximately $255 million.
Source Fool.com
