Pinterest shares surge 14% as social-photo site posts big revenue gains
Pinterest Inc.
shares jumped 14% in the extended session Thursday after the social network released its second financial report since its April IPO. The San Francisco-based company reported second-quarter revenue shot up 62% to $261 million and average revenue per user improved both in the U.S. and abroad. Analysts surveyed by FactSet had estimated a loss of 8 cents on revenue of $236 million. Pinterest stock, which priced at $19, is up to $31.81, with the S&P 500 index SPX, -0.
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