Pinterest Q3 results top estimates
Investing.com -- Pinterest reported Monday third-quarter results that topped Wall Street estimates as efforts improve monetization of its international users on its platform bolstered performance.adjusted EPS of $0.28 on revenue of $763 million, beating expectations for adjusted EPS of $0.21 on revenue of $743.9M.
Global monthly active users, or MAUs, increased 8% year over year to 482M, and global average revenue per user, or ARPU, climbed 3% $1.61 from a year earlier. Looking ahead to the Q4, the company said it expected revenue will grow around in a range of 11% to 13% year over year, while operating expenses were expected to fall around 9% to 13%.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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