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Pinterest growth strong, cautious Q4 forecast impacts shares
Pinterest’s shares fell by up to 15% on Thursday following its third-quarter earnings report.
The company’s revenue and earnings per share exceeded expectations, yet it issued a cautious forecast for the fourth quarter.
Pinterest reported third-quarter revenue of US$898 million, surpassing the expected US$896 million, according to LSEG.
The adjusted earnings per share were US$0.4, above the anticipated US$0.34
However, fourth-quarter revenue is projected to be between US$1.125 billion and US$1.145 billion. The midpoint is below analyst expectations of US$1.143 billion.
Recent Pinterest developments
| Timeline |
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01-Oct-2021 💰 Coinbase, Pinterest board member joins $1m round of Indian fintech firm
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10-Jul-2019 🌏 Pinterest opens office in Singapore to service Southeast Asia, India
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12-Nov-2013 📌 Pinterest pins down pan-Pacific plans with launch of Japanese site
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22-Feb-2013 📌 Vietnam’s Pinterest Clones and Why They Suck
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| 06-Sep-2012 📱 Chinese Pinterest Clone Meilishuo Boasts 10 Million App Downloads |
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