Pinterest Inc. (NYSE: PINS) is scheduled to report third quarter 2019 earnings results today, after the market closes. Analysts are expecting a loss of $0.04 per share on revenue of $280.6 million.
The company has seen strong revenue and user growth both in the US and internationally and this trend is expected to continue in the third quarter. At the end of the second quarter, monthly active users (MAU) stood at 300 million, representing a 30% increase from last year. The growth reflected double-digit increases in MAUs both domestically and internationally.
In the second quarter of 2019, Pinterest beat revenue estimates and reported a narrower-than-expected loss. Revenues rose 62% year-over-year to $261 million. Adjusted loss narrowed to $0.06 per share versus the loss of $0.27 per share reported last year.
For the full year of 2019, Pinterest has guided for total revenue to be between $1.09 billion and $1.11 billion.
(Watch this space for live earnings coverage)