Pinterest Stock Rally Halted After Earnings
PINSPinterest(PINS) Schaeffers Research·2024-02-09 23:44

Pinterest Inc (NYSE:PINS) stock is plummeting this morning, down 10.3% to trade at 36.52followingadisappointingforecastfromthesocialmediacompany.Pinterestsaidfirstquarterrevenuewillfallbetween36.52 following a disappointing forecast from the social media company. Pinterest said first-quarter revenue will fall between 690 million and $705 million, with the middle of that range falling well below the average analyst estimate. And while the company beat on fourth-quarter earnings expectations, it fell short of revenue estimates. Puts are outpacing calls at an alarming rate following the report. So far, just 32,000 ...