Pinterest Guides Q1 Sales $951M-$971M, Shares Drop 19%
Pinterest’s fourth-quarter adjusted EPS missed estimates while revenue held roughly flat against forecasts. The company projects first-quarter sales of $951 million to $971 million, below the $980 million consensus, prompting a 19% plunge in its share price.
1. Q4 Results
Pinterest reported fourth-quarter adjusted earnings per share that fell short of analyst expectations, while revenue remained flat and roughly matched consensus forecasts.
2. Q1 Outlook
Management issued first-quarter sales guidance between $951 million and $971 million, undercutting the $980 million average estimate and signaling cautious revenue growth.
3. Stock Reaction
Following the disappointing earnings and below-consensus guidance, Pinterest’s share price plunged about 19% in extended trading, marking one of the largest single-day drops in recent quarters.