Pinterest shares jumped 15% in after-hours trading Thursday following its first-quarter earnings report and upbeat guidance, according to CNBC. The company posted $855 million in revenue, beating expectations, though adjusted EPS of $0.23 fell short of the $0.26 forecast. Pinterest forecasted second-quarter sales between $960 million and $980 million. The social media company reported 570 million monthly active users in the first quarter, surpassing Wall Street’s estimate of 565 million. Pinterest CEO Bill Ready said the company has transformed into a resilient, growth-driven platform and a key shopping destination, especially for Gen Z users.
