Pinterest reports soft Q4 guidance; shares plunge in afterhours
Source Investing
Investing.com – Pinterest plunged in aftehrours trading Thursday as softer current-quarter guidance offset better-than-expected Q3 results.
Pinterest Inc (NYSE:PINS) was down more than 15% in recent afterhours trading.
The company reported adjusted Q3 earnings of $0.40 a share on revenue of $898.4 million, beating expectations of $0.34 and $896.9M, respectively.
Global monthly active users, or MAUs, decreased 11% year over year to 537M, with average revenue per user rising 5% year over year to $1.70.
Looking ahead to Q4, the company said it expected revenue to be in the range of $1.125B to $1.145B, or $1.135B at the midpoint, compared with estimates for$1.145B.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
On August 24, Bitcoin (BTC) prices continued to fluctuate lower, edging up just 0.1% on the day to trade at $77,176. Last Friday (August 21), Bitcoin prices surged toward the $80,000 mark
TradingKey Daily Market Briefing: Gold Tops $4,600, Bitcoin Surges as Market Focuses on Nvidia Earnings and Jackson Hole MeetingTracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
Tracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflowsThe cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
The cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
Ethereum rallies for five consecutive sessions, targeting $2,800 next.On August 21, Ethereum (ETH) extended its rally, breaking through the $2,300 mark to reach $2,362, hitting its highes
As of the Asian session on August 21, Bitcoin (BTC) price briefly surged past $75,000 intraday, reaching a daily high of $75,897.34, with its weekly cumulative gain exceeding 20%, marking
