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
Today, approximately $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire, creating significant anticipation in the crypto market.Expiring crypto options often leads to notab
Bitcoin has reached a landmark moment in its history earlier today, crossing the $100,000 price mark for the first time and cementing its position once again as the largest cryptocurrency by market
Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark.
Bets for a less dovish Fed might cap gains for the XAU/USD ahead of the US NFP report.
GBP/USD struggles to capitalize on its gains registered over the past three days.
