1200 ET - Pinterest shares are surging on guidance for 13% to 15% revenue growth in 1Q that investors are likely seeing as a baseline for the rest of the year, Wedbush analysts say in a research note. Growth is expected to accelerate sequentially this year thanks to easing year-over-year comparisons, the analysts say. Revenue should also benefit from a lapping of weak ad spending from consumer packaged goods brands last year, which has already started to show some improvement so far in 1Q, the analysts say. Pinterest also guided for 1Q Ebitda of $155 million to $170 million, ahead of current Wall Street estimates, they say. Shares rise 17% to $39.44. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 07, 2025 12:00 ET (17:00 GMT)
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