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Pinterest Shares Fall After Earnings Miss, Slowing US User Growth

Pinterest Shares Fall After Earnings Miss, Slowing US User Growth

Bloomberg4 days ago
Pinterest Inc. reported second-quarter sales that beat analysts' expectations, but earnings for the second quarter were less than Wall Street expected and user growth in the US and Canada, the company's most lucrative market, was flat. The stock dropped by as much as 14% in after-hours trading.
Adjusted earnings per share were $0.33, less than the average analyst estimate of $0.36. The company also reported 102 million monthly users in the US and Canada, the same number it had the prior quarter. Pinterest makes the vast majority of its revenue from North America.
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