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 below estimates.
February 09, 2024 | 1:43 pm
News sentiment analysis
Sort by:
Ascending
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 due to the mixed financial results for Q4 and the issuance of Q1 revenue guidance that did not meet analysts' expectations. This news directly impacts investor sentiment and could lead to a decrease in stock price as market participants adjust their expectations based on the new financial outlook provided by the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100