Pinterest shares crater 25% on weak revenue and forecast
PINSPinterest(PINS) CNBC·2024-02-09 05:08

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022.Pinterest shares plummeted 25% in extended trading on Thursday after the company issued a weaker-than-expected forecast and missed on revenue.Revenue: $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv.Earnings: 53 cents per share, adjusted, vs. 51 cents per share expected, according to LSEG.Revenue rose 12% year-over-year from $877. ...