Shares of Pinterest jumped Tuesday after hours after the company issued early guidance for its fiscal first quarter.
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019.jumped as much as 13% Tuesday after hours, after the company issued early guidance for its fiscal first quarter that beat analysts' expectations.
"First-quarter revenue performance was consistent with our expectations through the middle of March, when we began to see a sharp deceleration. Fortunately, despite weakness across nearly the entire advertising market, our exposure to some of the most affected segments like travel, automotive, and restaurants has not been significant," the company said.
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