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
Where is the Bitcoin bottom? Can you buy the dip now? Cathie Wood suggests swapping gold for Bitcoin.On Tuesday (February 3), panic in the crypto market eased as Bitcoin ( BTC) prices reb
Bitcoin’s two-year rolling MVRV z-score has dropped to its lowest level ever, pointing to extreme undervaluation.
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
Bitcoin prices briefly fell below $75,000, hitting a new 10-month low, though the probability of continued short-term downside remains low.On Monday (February 12), the cryptocurrency mark
Bitcoin price targets remain bearish as it struggles near multi-month lows, influenced by historical bear market trends.
