After all the tech bloodbath, it was a refreshing sight to see a social media stock rally hard following its quarterly results.
What Happened: Pinterest Inc. (NYSE:PINS) shares climbed 9.64% late on Thursday after it reported third-quarter revenue that rose 8% to $685 million and exceeded the consensus estimate of $666.7 million. Adjusted earnings per share of $0.11 were almost double that of the expected number of $0.06 but dropped sharply from last year's $0.28.
The revenue growth slowed from 9% in the second quarter and a whopping 43% in the year-ago quarter.
