Pinterest's stock tumbles as earnings show slim revenue beat
Portfolio Pulse from
Pinterest's stock fell 14% in after-hours trading following its third-quarter earnings report, which showed only a slight revenue beat.
November 07, 2024 | 10:00 pm
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Pinterest's stock dropped 14% in after-hours trading due to a disappointing third-quarter earnings report, which showed only a slight revenue beat.
The 14% drop in Pinterest's stock price in after-hours trading indicates a strong negative reaction from investors to the earnings report. The slim revenue beat was not enough to meet investor expectations, leading to a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100