Pinterest stock falls 10% after earnings miss

Pinterest The company fell more than 10% on Thursday after reporting the second quarter earnings that missed earnings per share.

The company did this compared to analysts’ consensus estimates from LSEG:

• Earning per share: 33 cents set and 35 cents are expected
• Revenues: 998 million dollars and 975 million dollars expected

Pinterest sales in the second quarter increased by 17% to year, while the net income is $ 38.76 million from $ 8.9 million in the same period in the same period.

Pinterest said that their third quarter sales would be between 1,033 billion dollars and $ 1,053 billion, and that analysts would fill their estimates of $ 1,025 billion.

Social media company, in the second quarter of 574.5 million Streetaccount’s 578 million global monthly active users foreseen, he said. Pinterest said it has 570 million active users per month in the first quarter in May.

Pinterest, interest, taxes, depreciation and depreciation or Streetcount’s higher $ 233 million estimates of EBIDTA, the second quarterly corrected earnings before EBIDTA said $ 251 million.

Pinterest CEO Bill Read, said in a statement, “I am proud of our second quarter results -17% income increase and another quarter of record users.” He said. “We are also excited that Gen Z grows up to more than half of our user base.”

Pinterest Finance Chief Julia Donnelly said that the analysts in the company’s winning earnings were still some concerns from the advertisers discussed in May, “and wider market uncertainty”.

For example, Donnellly said unbearable “Asian-based e-commerce retailers withdrew in the United States” and now referring to a closed trade gap, it depends on the change in minimal exemption.

Explode The company fell more than 15% on Tuesday after reporting the second quarter earnings, which the global average income per user missed expectations. Snap’s income increased only 9% in the second quarter to year, much lower than peers such as Reddit and Meta, which sees that the last three -month sales increased by 78% and 22%, respectively.

Evan Spiegel, CEO of the company, said that in an investor letter, Snap’s “Topline Growth” was negatively affected by factors, including an update of an advertising platform that has been corrected since then.

Amazon reported its second quarter earnings last Thursday and said that online advertising sales increased by 23% to $ 15.69 billion. Reddit He reported their last earnings on the same day and said that the second quarter sales rose to $ 500 million annually by annual.

Alphabet When he reported their second quarter earnings on July 23, he was beaten in the upper and lower lines, and Meta said that the second quarter income reached $ 47.52 billion on July 30th. This represented a 22% increase in the same period compared to the previous year.