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Pinterest
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Shares of Pinterest Inc. dropped 19.9% in the extended session Tuesday, after the photo-sharing company, used by millions to save and shop for home decor and fashion trends, among other uses, sent a worrying sign about its holiday-quarter advertising business.
PINS said that it expects fourth-quarter revenue between $1.31 billion and $1.34 billion, which would represent year-over-year growth of 14% to 16%. The midpoint of that range is below the FactSet consensus for revenue of $1.34 billion in the quarter.
This post was originally published on Market Watch
