Movement Alert｜Pinterest, Inc. Falls 7.13% in Pre-Market Trading, Q3 Miss and Soft Q4 Outlook Weigh on Shares

Market Focus10-30 16:15

On October 30, Pinterest, Inc. fell 7.13% in Pre-Market Trading, trading at $18.4 per share, with Turnover of $115,300.

The move followed the company’s latest quarterly report, in which third-quarter revenue and earnings both came in below Wall Street expectations, while fourth-quarter revenue guidance of $1.425 billion to $1.475 billion implied year-over-year growth of 8% to 12% and was viewed as soft by the market.

At the same time, operating backdrop details remained mixed: global monthly active users rose 10% year over year to a record 661 million, above the 656 million analyst consensus, but prior management commentary had already flagged ongoing pressure from Asian cross-border retailers, the absence of a World Cup-related spending benefit in the third quarter, and modest cost headwinds tied to GPU capacity investment and the TV Scientific business.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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