Tag

Pins

All articles tagged with #pins

finance1 year ago

"Pinterest Stock Plummets on Q4 Revenue Miss and Weak Outlook"

Pinterest's stock tumbled in after-hours trading as the company reported mixed fourth-quarter results, with adjusted earnings per share beating estimates but revenue falling short at $981.3 million versus the $990.2 million estimate. Monthly active users exceeded expectations, but the first-quarter revenue guidance of $690 million to $705 million was below analysts' forecasts. The company's CEO highlighted a transformative year and record global monthly active users, but concerns about revenue miss and geopolitical conflicts led to a sharp decline in Pinterest's shares.