Pinterest Inc on Thursday forecast 2019 revenue broadly in line with Wall Street...
- Pinterest Inc on Thursday forecast 2019 revenue broadly in line with Wall Street targets, disappointing investors who had expected more from the freshly public, high flying stock, and sending its shares down 16 percent.
The online scrapbook company’s shares have risen 62% from its initial public offering price of $19 last month. Pinterest’s sales outlook was a disappointment said Forte, especially given the high expectations reflected in the run up in shares. Pinterest also said in a regulatory filing it would look to invest in its advertising products through the year.
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