Pinterest shares tumble on weak guidance
Pinterest(PINS) CNBC·2024-07-31 04:15
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024.Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates.Here's how the company performed, according to LSEG:Revenue: $854 million vs. $848 million expectedEarnings per share: 29 cents adjusted vs. 28 cents expectedThe company's sales jumped 21% year-over-year in the second ...