Image-sharing platform Pinterest (PINS.N) beat Wall Street targets for second-quarter results on Tuesday and forecast higher margins for the year, supported by an advertising market recovery and cost-cutting measures. The company’s revenue, from placing advertisements next to users’ “pins” or posts, rose 105% during the quarter to $708 million, compared with a Refinitiv IBES estimate of $530 million. Ad spending has rebounded after a slump in the early months of the COVID-19 crisis, as retailers and others look to cash in on a boom in online shopping driven by shoppers trying to avoid the crowds at physical stores. Pinterest’s adjusted … Continue reading Pinterest Beats Earnings Estimates, Raises Guidance on Ad Rebound