Pinterest profit is soaring, but the stock price is sinking anyway. What's happening with PINS?
Portfolio Pulse from
Pinterest's Q3 2024 results showed soaring profits, but the stock price is declining due to investor disappointment with the Q4 forecast.
November 08, 2024 | 7:15 pm
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Pinterest reported soaring profits for Q3 2024, but the stock price is declining as investors are disappointed with the Q4 forecast.
Pinterest's Q3 2024 results showed strong profit growth, which is typically positive for stock prices. However, the market's reaction is negative due to a less optimistic Q4 forecast, leading to a decline in stock price. This suggests that investors had higher expectations for future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100