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Pinterest Revenue Outlook Disappoints Investors; Shares Slide

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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.
Pinterest Revenue Outlook Disappoints Investors (ORG) Pinterest Inc. (ORG)
Originally published by Bloomberg Technology Read original →