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.
Pinterest said that it had 522 million global monthly active users for the second quarter, topping analyst estimates of 520.1 million.Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange in New York City, U.S., May 15, 2024.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.
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