Pinterest shares sank when the company reported its second-quarter earnings and provided third-quarter guidance that was lower than analyst estimates.
Pinterest reported second-quarter earnings on Tuesday, and the social media company beat on both the top and bottom lines.
Pinterest said that it had 522 million global monthly active users for the second quarter, topping analyst estimates of 520.1 million.shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates.Sign up for our free Olympics Headlines newsletter.
Pinterest said that it had 522 million global monthly active users for the second quarter, topping analyst estimates of 520.1 million. Regarding the regional breakdown of Pinterest's global MAU, the company said that the U.S./Canada had 98 million, Europe had 136 million and the rest of the world totaled 288 million. Analysts were expecting Pinterest to report 98.4 million for U.S./Canada, 136.8 million for Europe and 284.6 million for the rest of the world.
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