stock falls on revenue miss


Ben Silbermann, co-founder, chairman and CEO of Pinterest, speaks in front of the company’s logo at the New York Stock Exchange (NYSE), during the company’s IPO on April 18, 2019 in New York City.

Johannes Eisele | AFP | Getty Images

Pinterest shares plunged 21% in premarket trading Friday after the image-sharing site reported disappointing third-quarter results a day earlier.

Here are the key numbers for the period ended in September:

  • Earnings per share: 1 cent, excluding some items, vs. 4 cents loss forecast by Refinitiv
  • Revenue: $279.7 million, vs $280.6 million forecast by Refinitiv
  • Monthly active users: 322 million, vs. 311.8 million forecast by FactSet
  • Average revenue per user: 90 cents,…

Source cnbc.com

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