Pinterest shares are trading lower after the company reported mixed Q4 financial results and issued Q1 revenue guidance with a midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
Pinterest shares dropped following mixed Q4 financial results and Q1 revenue guidance that fell short of expectations.
February 08, 2024 | 9:33 pm
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NEGATIVE IMPACT
Pinterest's stock price declined due to mixed Q4 financial results and lower-than-expected Q1 revenue guidance.
The stock price of Pinterest is likely to go down in the short term as the mixed Q4 results and the disappointing Q1 revenue guidance could lead to reduced investor confidence and potential sell-offs.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100