Pinterest Inc (NYSE: PINS) crashed 20% in extended hours after reporting disappointing revenue for its fiscal fourth quarter.Pinterest stock down on muted guidanceCopy link to sectionInvestors are concerned also because the management issued downbeat guidance for the future. The social media and image sharing company now forecasts its revenue to fall between $690 million and $705 million in its current financial quarter. Analysts, in comparison, were at $703 million. Still, Bill Ready – the chief executive ...

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022.Pinterest shares plummeted 25% in extended trading on Thursday after the company issued a weaker-than-expected forecast and missed on revenue.Revenue: $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv.Earnings: 53 cents per share, adjusted, vs. 51 cents per share expected, according to LSEG.Revenue rose 12% year-over-year from $877. ...

SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter and year ended December 31, 2023. Q4 revenue grew 12% year over year to $981 million. 2023 revenue increased 9% year over year to $3,055 million. Global Monthly Active Users (MAUs) increased 11% year over year to 498 million. GAAP net income was $201 million for Q4. GAAP net loss was $36 million for 2023. Adjusted EBITDA was $365 million and $683 million for Q4 and 2023, respectively. Total ...

Pinterest, Inc PINS is set to print fourth-quarter financial results after the market closes Thursday. The stock was trading near flat heading into the event.When the social media and “idea” generating stock printed its third-quarter results on Oct. 30, the stock gapped up over 17% the following day and entered a steep uptrend, which brought Pinterest to a high of $41.60 on Tuesday.For the third quarter, Pinterest reported EPS of 28 cents on revenue of $763 million. The company beat the EPS estimate of 20 c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________ FORM 10-K _________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-38872 Pinterest, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-3607129 (State or O ...

Pinterest, Inc. (PINS) is scheduled to report fourth-quarter 2023 results on Feb 8, 2024 after the closing bell. The company pulled off a trailing four-quarter earnings surprise of 37.3%, on average. In the last reported quarter, it reported an earnings surprise of 33.3%.The company is taking multiple initiatives to bring more actionable content on the platform from a wide range of sources such as users, creators, publishers and retailers for enhancing customer engagement activities. It is also emphasizing ...

Pinterest (PINS) closed at $37.58 in the latest trading session, marking a +0.29% move from the prior day. This move lagged the S&P 500's daily gain of 1.25%. On the other hand, the Dow registered a gain of 0.97%, and the technology-centric Nasdaq increased by 1.3%.Shares of the digital pinboard and shopping tool company have appreciated by 4.49% over the course of the past month, outperforming the Computer and Technology sector's gain of 2.42% and the S&P 500's gain of 1.58%.The investment community will b ...

Visual discovery platform Pinterest (NYSE:PINS) saw its shares rise off the back of an encouraging analyst assessment. Specifically, Evercore analysts believe the company’s advertising partnership with e-commerce giant Amazon (NASDAQ:AMZN) can yield significant returns. As a result, they boosted their price target on PINS stock. Nevertheless, lurking in the background, bearish traders have wagered against Pinterest, setting up an intriguing duel for control.According to a Seeking Alpha report, Evercore expe ...

Pinterest (PINS) ended the recent trading session at $36.99, demonstrating a +1.29% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.The the stock of digital pinboard and shopping tool company has fallen by 2.09% in the past month, lagging the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.Analysts and investors alike will ...

Over the years, social media has turned from an internet curiosity to a marketing powerhouse. It gave businesses of various sizes an avenue to reach a wider audience and effectively market products. It created a social economy where even personalities or products become overnight successes. Large companies have taken advantage of this arrangement; some have even launched successful viral social media campaigns. Industry experts expect the social media market to grow to $434.87 billion by 2027 at a CAGR of 1 ...