Pinterest Q2 Earnings: Revenue, EPS Beat, But Weak Guidance Weighs On Shares
Portfolio Pulse from Adam Eckert
Pinterest Inc (NYSE:PINS) reported Q2 earnings with revenue and EPS beating estimates, but weak Q3 guidance led to a 13.01% drop in share price after hours.
July 30, 2024 | 8:40 pm
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Pinterest reported Q2 revenue of $854 million and adjusted EPS of 29 cents, both beating estimates. However, weak Q3 guidance led to a 13.01% drop in share price after hours.
Despite beating Q2 revenue and EPS estimates, Pinterest's weak Q3 guidance has led to significant selling pressure, causing a 13.01% drop in share price after hours. This indicates investor concern over future performance.
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IMPORTANCE 90
RELEVANCE 100