Pinterest shares tumble nearly 15% on weak guidance
Publishing timestamp: 2024-07-30 20:11:32
Summary
Pinterest beat earnings expectations but shares sank due to lower-than-expected guidance for the third quarter. The company reported strong revenue growth and an increase in monthly active users. Analysts are also keeping an eye on other tech companies like Alphabet, Meta, and Snap, as well as making predictions for the S&P 500 and specific stocks like Nvidia.
Sentiment: MIXED
Tickers: SNAP, GOOG, META, PINS,
Keywords: business news, snap inc, breaking news: technology, meta platforms inc, technology, social media, alphabet class c, pinterest inc, mobile, internet, alphabet inc,
Source: https://www.cnbc.com/2024/07/30/pinterest-pins-q2-earnings-report-2024.html