Pinterest Shares Soar on Strong Outlook. Is It Too Late to Buy the Stock?

Shares of Pinterest (NYSE: PINS) soared after the social media company reported strong results and issued an upbeat forecast. This flips the script for a stock that had come under pressure its prior two quarters due to weak guidance. As of this writing, Pinterest stock is up nearly 36% year to date but only about 7% over the past year.Let's look at Pinterest's most recent results to see whether it's too late to buy the stock.For the fourth quarter, Pinterest saw its revenue climb 18% year over year to $1.15 billion, just ahead of the $1.14 billion consensus as compiled by LSEG and above the high end of its $1.125 million to $1.145 million revenue guidance. U.S. and Canada revenue increased 16% to $900 million, while European revenue jumped 21% to $196 million. Revenue from its rest of world (ROW) segment soared 44% to $58 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool