Pinterest Stock Soars After Revenue Beat

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stock was surging in extended trading Monday after the social media firm edged out second-quarter sales expectations even as concerns about the economy have weighed on advertisers.


reported second-quarter revenue up 9% year over year to $665.9 million. Analysts polled by FactSet had forecast sales of $664.7 million. Non-GAAP earnings of 11 cents per share was below analyst expectations for 18 cents a share, according to FactSet.