Shares of Pinterest Inc. PINS, +36.12% are up 25% in premarket trading Friday after the photo platform easily topped expectations and gave an upbeat forecast for the third quarter. The company posted a net loss of $100.7 million, or 17 cents a share, compared with a loss of $1.16 billion, or $2.62 a share, in the year-earlier quarter. On an adjusted basis, Pinterest lost 7 cents a share, compared with 6 cents a share in the year-prior period. The FactSet consensus was for a 14-cent per share adjusted loss. Revenue rose to $272.49 million from $261.25 million, while analysts surveyed by FactSet had been expecting $250 million. The company said that it expects revenue for July to

Read More At Article Source | Article Attribution