Saba
2021-04-28
Thanks I was going to buy some but will give more thoughts
Why Pinterest Shares Tanked Despite Q1 Earnings Beat
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(NYSE: PINS) tumbled almost 11% in Tuesday's extended session despite the social media company reporting first-quarter earnings results that beat Street estimates.","content":"<p>Shares of <b>Pinterest Inc.</b> (NYSE:PINS) tumbled almost 11% in Tuesday's extended session despite the social media company reporting first-quarter earnings results that beat Street estimates.</p><p><b>What Happened: </b>Pinterest on Tuesday reported a net loss for the first quarter that narrowed significantly to $21.7 million from $141.2 million in the prior-year quarter. Revenue for the quarter surged 78% year-over-year to $485.2 million.</p><p>However, the image-sharing company’s monthly active users (MAUs) rose by only 30% year-over-year to 478 million in the quarter as COVID-19 pandemic restrictions eased.</p><p>“Starting in mid-March, the easing of pandemic restrictions slowed U.S. MAU growth and lowered engagement year over year as people spent less time online,” Pinterest said.</p><p>The online-pinboard company also warned that while it saw good retention in the first quarter of the MAUs it gained during 2020, it is not sure how long the retention will last. Nevertheless, Pinterest projects second-quarter revenue to rise 105% from the prior-year quarter.</p><p><i>See Also: Thinking About Buying Stock In Pinterest, Ford Or Lordstown?</i></p><p><b>Why It Matters:</b> Pinterest saw a surge in traffic last year as people spent more time online amid the pandemic restrictions. 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Pinterest noted that the revenue growth reflected increased adoption from medium and small advertisers.</p><p><b>Price Action</b>: Pinterest shares closed 1.1% higher in Monday’s regular trading session at $77.58, but fell almost 11% in the after-hours session to $69.07.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Pinterest Shares Tanked Despite Q1 Earnings Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Pinterest Shares Tanked Despite Q1 Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-28 12:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of <b>Pinterest Inc.</b> (NYSE:PINS) tumbled almost 11% in Tuesday's extended session despite the social media company reporting first-quarter earnings results that beat Street estimates.</p><p><b>What Happened: </b>Pinterest on Tuesday reported a net loss for the first quarter that narrowed significantly to $21.7 million from $141.2 million in the prior-year quarter. Revenue for the quarter surged 78% year-over-year to $485.2 million.</p><p>However, the image-sharing company’s monthly active users (MAUs) rose by only 30% year-over-year to 478 million in the quarter as COVID-19 pandemic restrictions eased.</p><p>“Starting in mid-March, the easing of pandemic restrictions slowed U.S. MAU growth and lowered engagement year over year as people spent less time online,” Pinterest said.</p><p>The online-pinboard company also warned that while it saw good retention in the first quarter of the MAUs it gained during 2020, it is not sure how long the retention will last. Nevertheless, Pinterest projects second-quarter revenue to rise 105% from the prior-year quarter.</p><p><i>See Also: Thinking About Buying Stock In Pinterest, Ford Or Lordstown?</i></p><p><b>Why It Matters:</b> Pinterest saw a surge in traffic last year as people spent more time online amid the pandemic restrictions. However, the company’s user growth has slowed this year as the economy reopens.</p><p>The slowdown in user growth has been offset by the recovery in ad spending this year amid the economic reopening. Pinterest noted that the revenue growth reflected increased adoption from medium and small advertisers.</p><p><b>Price Action</b>: Pinterest shares closed 1.1% higher in Monday’s regular trading session at $77.58, but fell almost 11% in the after-hours session to $69.07.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130109379","content_text":"Shares of Pinterest Inc. (NYSE:PINS) tumbled almost 11% in Tuesday's extended session despite the social media company reporting first-quarter earnings results that beat Street estimates.What Happened: Pinterest on Tuesday reported a net loss for the first quarter that narrowed significantly to $21.7 million from $141.2 million in the prior-year quarter. Revenue for the quarter surged 78% year-over-year to $485.2 million.However, the image-sharing company’s monthly active users (MAUs) rose by only 30% year-over-year to 478 million in the quarter as COVID-19 pandemic restrictions eased.“Starting in mid-March, the easing of pandemic restrictions slowed U.S. MAU growth and lowered engagement year over year as people spent less time online,” Pinterest said.The online-pinboard company also warned that while it saw good retention in the first quarter of the MAUs it gained during 2020, it is not sure how long the retention will last. Nevertheless, Pinterest projects second-quarter revenue to rise 105% from the prior-year quarter.See Also: Thinking About Buying Stock In Pinterest, Ford Or Lordstown?Why It Matters: Pinterest saw a surge in traffic last year as people spent more time online amid the pandemic restrictions. However, the company’s user growth has slowed this year as the economy reopens.The slowdown in user growth has been offset by the recovery in ad spending this year amid the economic reopening. Pinterest noted that the revenue growth reflected increased adoption from medium and small advertisers.Price Action: Pinterest shares closed 1.1% higher in Monday’s regular trading session at $77.58, but fell almost 11% in the after-hours session to $69.07.","news_type":1},"isVote":1,"tweetType":1,"viewCount":316,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":47,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/100110248"}
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