Pinterest Stock Slips as Q3 Profits Fall Short
Portfolio Pulse from
Pinterest's Q3 net income fell short of estimates, causing its stock to slip despite a slight revenue beat.
November 08, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Pinterest's third-quarter net income did not meet expectations, resulting in a decline in its stock price, even though the company slightly exceeded revenue forecasts.
The shortfall in net income against estimates is a negative indicator for investors, leading to a decline in stock price. The revenue beat was not enough to offset the disappointment in profit figures.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100