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PINS Aug 2024 33.000 put
| Previous close | 3.2000 |
| Open | 3.0500 |
| Bid | 3.1000 |
| Ask | 3.2500 |
| Strike | 33.00 |
| Expiry date | 2024-08-16 |
| Day's range | 3.0500 - 3.0500 |
| Contract range | N/A |
| Volume | |
| Open interest | 260 |
- Reuters
UPDATE 1-Pinterest forecasts quarterly revenue above estimates, shares surge
Pinterest forecast second-quarter revenue above Wall Street estimates on Tuesday, expecting a boost from growing advertising spend on the image-sharing platform, sending shares up more than 20% in after-market trading. The company has benefited from marketers turning to the digital platform to reach Gen Z users - more than 40% of its user base - and leverage its new AI-driven ad tools and latest ad formats, which offer better user engagement. Last month, ad group Interpublic Group's media research unit MAGNA Global said it expects the U.S. ad Market to grow by more than 9% this year to reach $369 billion.
ReutersPinterest forecasts quarterly revenue above estimates on robust ad spend
The company has benefited from marketers turning to the digital platform to reach Gen Z users - more than 40% of its user base - and leverage its new AI-driven ad tools and latest ad formats, which offer better user engagement. Last month, ad group Interpublic Group's media research unit MAGNA Global said it expects the U.S. ad Market to grow by more than 9% this year to reach $369 billion. A majority of Pinterest's first quarter ad spend in the U.S. came from the shopping category at 50%, followed by 20% from consumer packaged goods (CPG), while 6.4% came from the health and wellness category, market intelligence firm Sensor Tower told Reuters on Monday.
ZacksCorning (GLW) Beats Q1 Earnings and Revenue Estimates
Despite signs of recovery in several end markets, lower demand stemming from inventory corrections in the Optical Communications and Life Sciences vertical impedes Corning's (GLW) top line.
