SAN FRANCISCO (AP) _ Pinterest Inc. (PINS) on Thursday reported a loss of $1.16 billion in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of $2.62. Losses, adjusted for stock option expense and amortization costs, were 6 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The digital pinboard and shopping tool company posted revenue of $261.2 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $235 million.
Pinterest expects full-year revenue in the range of $1.1 billion to $1.12 billion.