Pinterest files IPO, shows fourth-quarter profit

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Pinterest files IPO, shows fourth-quarter profit
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Pinterest Inc. filed its initial public offering documents late Friday. The image search company said it plans to list on the New York Stock Exchange under...

Pinterest Inc. filed its initial public offering documents late Friday. The image search company said it plans to list on the New York Stock Exchange under the ticker symbol PINS. Pinterest reported fourth-quarter net income of $47 million, up from $3.4 million in the year-ago quarter. The fourth quarter appears to be the company's most profitable: it posted third-quarter losses of $18.8 million, narrowing from $35.7 million in the year-ago period. Fourth-quarter revenue rose to $273.

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