Pinterest Shared Plummet After Missed Revenue Forecast: A Look at the Impact on the Broader Digital Advertising Market
TORONTO, ONTARIO, CANADA – Shares of Pinterest took a sharp dive in after-hours trading following a disappointing financial forecast and a revenue miss, the company said Thursday. While revenue rose 12% year-over-year, reaching $981 million, it fell short of the expected $991 million, according to LSEG (formerly known as Refinitiv). Additionally, adjusted earnings came in at 53 cents per share, higher than the expected 51 cents per share. This news sent the stock plummeting as …