Earnings

Pinterest shares crater 25% on weak revenue and forecast

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A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022.

Chris Helgren | Reuters

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 $877.2 million a year earlier, while net income was $201 million, or 29 cents a share, up from $17.49 million, or 3 cents a share, a year ago. it brought in the…



Source cnbc.com

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