Pinterest shares sank about 19% after hours Thursday after the company reported a huge increase in revenue year over year but a drop in U.S. users, and said it could not provide third-quarter guidance because of continued uncertainty about the coronavirus pandemic. The online-pinboard company reported a 125% rise in second-quarter revenue and said its global monthly active users rose 9%. But it saw a 7% decline in U.S. users and ended the quarter with a total of 454 million monthly active users, well short of the 481.6 million monthly active users analysts expected.
“Our second-quarter results reflect both the strength of our business …
Related posts:
: IMF warns ‘cryptoization’ of emerging economies could threaten growth, financial stability
NewsWatch: The biggest risk facing investors this earnings season is lurking just beneath the surfac...
: Mortgage rates jump above 3%, creating pressure for home buyers
They Want to Hand Your Kid a Debit Card. What Do You Do?
