Pinterest Stock Is Sliding Today: What's Going On?
Portfolio Pulse from Adam Eckert
Pinterest Inc's Q2 report shows a 6% YoY increase in revenue to $708 million, beating the consensus estimate of $696.06 million. The company also reported a quarterly adjusted earnings of 21 cents per share, surpassing estimates of 12 cents per share. Global monthly active users increased by 8% YoY to 465 million. Despite positive analyst updates, Pinterest shares are trading lower.
August 04, 2023 | 11:08 am
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Pinterest's Q2 earnings beat estimates, but its stock is trading lower. Analysts have given positive updates and raised price targets.
Despite Pinterest's strong Q2 performance, its stock is trading lower, which could be due to market volatility or other factors not mentioned in the article. However, analysts remain positive about the company's prospects, as evidenced by their raised price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100