Top movers | PINS, ANET Jump on Positive Outlook; WDC Plans to Separate Business
@Tiger_Earnings:
1. $Pinterest, Inc.(PINS)$ soars 15.86% after impressive Q3 earnings beat and upbeat Q4 outlookPinterest jumped 15% after Q3 earnings beat on the top and bottom lines.Revenue: $763.2 mln vs. $743.5 mln expectedAdjusted EPS: 28 cents vs. 20 cents expectedRevenue unexpectedly achieved double-digit growth of 11%, beating its own estimates of “mid-single digits”.For the fourth quarter, Pinterest said it expects revenue growth of 11% to 13%, higher than analyst estimates of 11.3%Last week, $Meta Platforms, Inc.(META)$ and $Snap Inc(SNAP)$ plunged after earnings as they were pessimistic about Q4 guidance, citing the effects of conflicts.2.