Jim Cramer on Pinterest Earnings: “I Thought There Was Much More Good Than Bad Here”

Pinterest, Inc. (NYSE:PINS) is one of the stocks Jim Cramer commented on. Cramer touched on the company’s earnings and market reaction, followed by the report. He commented:

“What do we make these numbers from Pinterest, the social media platform/virtual pinboard site? Here’s a stock doing pretty well, but when the company reported after the close, stock got slammed in after-hours trading. Even though Pinterest delivered a solid set of numbers, healthy revenue forecast for the current quarter, their earnings per share came in a tad light. At the same time, their user growth and revenue results were softer than expected in the US and Canada. Most of the outperformance came from Europe. Look, I thought there was much more good than bad here…  The expectations were too high.”

Jim Cramer on Pinterest Earnings: "I Thought There Was Much More Good Than Bad Here"

Pixabay/Public Domain

Pinterest, Inc. (NYSE:PINS) runs an online platform where people can find, save, and shop for ideas such as recipes, home décor, and style inspiration. Additionally, the company provides advertising tools that help increase businesses’ reach.

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Disclosure: None. This article is originally published at Insider Monkey.