Pinterest Inc PINS Shares are trading down 7.79% to $21.18 during Thursday’s after-hours session. Shares of social media companies are trading lower in sympathy snap inc SNAPwhat a gave uncertain prospects for the fourth quarter and reported a reduction in time spent viewing content in the US.
What happened?
Snap reported revenue of $1.128 billion in the third quarter, up 6% year over year. The grand total was ahead of an estimate of $1.12 billion, according to Street data Gasoline Pro.
The company reported earnings per share of 8 cents in the third quarter, beating Street’s estimate of a loss of 1 cent per share.
Meanwhile, CEO Evan Spiegel said Snap will continue to “navigate this volatile macro environment” to move forward with its community of 363 million daily active users…Continue reading
According to data from Gasoline ProPinterest has a 52-week high of $66.00 and a 52-week low of $16.14.
