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A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019.
Spencer Platt | Getty Images
Pinterest shares sank as much as 12% after the company reported revenue that missed analyst expectations and issued a light forecast for the first quarter.
Here’s how the company did.
- Revenue: $877 million vs. $886.3 million expected, according to Refinitiv.
- Earnings: 29 cents per share vs. 27 cents expected, according to Refinitiv.
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Pinterest said it expects sales in the first quarter to increase in the “low single digits” from a year earlier. Analysts were expecting growth…
Source cnbc.com
