Pinterest shares are trading higher in sympathy with Snap, which reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates
Portfolio Pulse from Benzinga Newsdesk
Pinterest shares are experiencing an uptick due to positive financial results and optimistic Q2 revenue guidance from Snap, suggesting a favorable outlook for similar companies in the social media sector.
April 26, 2024 | 11:50 am
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Pinterest shares are trading higher, influenced by Snap's better-than-expected Q1 financial results and positive Q2 revenue guidance.
Pinterest's stock movement is directly tied to the performance of Snap, as both companies operate within the social media space. Positive news from Snap suggests a healthy advertising market, which is beneficial for Pinterest.
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