SAN FRANCISCO (AP) _ Pinterest Inc. (PINS) on Tuesday reported a loss of $141.2 million in its first quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 25 cents. Losses, adjusted for stock option expense and amortization costs, came to 10 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The digital pinboard and shopping tool company posted revenue of $271.9 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $270.5 million.
Pinterest shares have risen 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.81, a decrease of 29% in the last 12 months.