Pinterest’s promotion falls on 10% after Miss sunset

Pinterest On Thursday, the shares decreased by more than 10% after the company reported the profit in the second quarter that missed the stock.

Here’s how the company did, compared to the consensus estimates with LSEG:

• Income per share: 0.33 dollar cents adj. Against 0.35 dollar cents expected
• Income: 998 million dollars against $ 975 million expected

Sales in the second quarter of Pinterest increased by 17% compared to last year, and net profit amounted to $ 38.76 million, which compared to $ 8.9 million a year ago during the same period.

Pinterest said the sales in the third quarter would be from $ 1.033 to $ 1.053, which heads the estimate of analysts of $ 1,025 billion.

The social media company said there were 578 million monthly users in the second quarter, 574.5 million ahead of the sheetaccount. Pinterest – Note In May, there were 570 million monthly users in the first quarter.

Pinterest recorded $ 251 million in the second quarter, adjusted income, taxes, depreciation and depreciation, or ebidta, which was higher than the Stretaccont estimated, amounted to $ 233 million.

“I am proud of our Q2 results – providing 17% revenue growth and another quarter of record users,” Pinterest Bill Ready said in a statement. “We are also excited that Gen Z has grown to more than half our users base.”

Hair On Tuesday stocks fell over 15% after the company’s message Profit in the second quarter In which the average world profit per user missed expectations. SNAP revenues rose only 9% per year in the second quarter, much lower than peers, such as Reddit and Meta, in which their recent quarterly sales jumped 78% and 22% respectively.

In a letter from investor Evan Speel, the CEO of the company said that “Topline growth” Snap adversely affected the factors, including the update of the advertising platform, which has been recorded since then.

Amazon report Profit in the second quarter last Thursday and noted that its online advertising sales increased by 23% to $ 15.69 billion. Reddit report The last salary on the same day said that sales in the second quarter increased by 78% to $ 500 million a year.

Alphabet beat the top and bottom line if he report his income in the second quarter of July 23, and Meta July 30 said his Profit in the second quarter reached $ 47.52 billion. This was 22% more than in the previous year.

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