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Pinterest shares slide after sales guidance disappoints
The company posted a second-quarter beat on both earnings and revenue, but its outlook for sales matched analyst estimates, weighing on the stock.
Pinterest reported better-than-expected earnings and revenue for the second quarter, according to CNBC Markets and CNBC Earnings.
Despite the top-line and profit upside versus expectations, the company’s forecast for sales came in online with what analysts estimated.
Shares slid after the results, reflecting that investors focused more on the guidance than the quarter’s beat.
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CNBC MarketsPinterest shares fall on lukewarm sales guidance
CNBC EarningsPinterest shares fall on lukewarm sales guidance