Business & Finance
Pinterest Revenue Outlook Disappoints Investors; Shares Slide
Key Points
Pinterest Revenue Outlook Disappoints Investors; Shares Slide Pinterest Inc. gave a revenue outlook for the current quarter that disappointed investors worried about the company’s momentum despite posting strong user and revenue growth for the prior period. Current-quarter sales will be as high as $1.21 billion, the company said in a release on Tuesday, only slightly above Wall Street projections for $1.2 billion.
Pinterest Revenue Outlook Disappoints Investors; Shares Slide
Pinterest Inc. gave a revenue outlook for the current quarter that disappointed investors worried about the company’s momentum despite posting strong user and revenue growth for the prior period.
Current-quarter sales will be as high as $1.21 billion, the company said in a release on Tuesday, only slightly above Wall Street projections for $1.2 billion.