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Pinterest stock plunges after post-IPO earnings report
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Pinterest reported a net loss of $41.4 million, or 33 cents a share, on revenue of $201.9 million, up from $131 million a year ago that the company reported in filings for its IPO. Net losses can be very large in the first report after an IPO, as fellow social-media company Snap Inc. SNAP, proved in a memorable way; stripping out stock-based compensation from the results didn’t make much of a difference for Pinterest, though, as adjusted losses were 32 cents a share. Analysts on average expected adjusted losses of 11 cents a share on sales of $200.7 million, according to FactSet.
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https://www.marketwatch.com/story/pinter...quote_news
PINS aktuell -14% auf 26.40
![[Bild: PINSc1dl1616.png]](https://finviz.com/publish/051619/PINSc1dl1616.png)
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Pinterest reported a net loss of $41.4 million, or 33 cents a share, on revenue of $201.9 million, up from $131 million a year ago that the company reported in filings for its IPO. Net losses can be very large in the first report after an IPO, as fellow social-media company Snap Inc. SNAP, proved in a memorable way; stripping out stock-based compensation from the results didn’t make much of a difference for Pinterest, though, as adjusted losses were 32 cents a share. Analysts on average expected adjusted losses of 11 cents a share on sales of $200.7 million, according to FactSet.
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https://www.marketwatch.com/story/pinter...quote_news
PINS aktuell -14% auf 26.40
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