Pinterest Shares Fall After Hours, Following Post-IPO Earnings Report

  • 📰 WSJ
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Pinterest posted a wider-than-expected loss in its first quarterly report following its public-market debut

Shares of Pinterest Inc. fell 17% in extended trading after the company posted a wider-than-expected loss in its first quarterly report following its public-market debut.

The San Francisco-based visual and photo-sharing company on Thursday reported a first-quarter net loss of $41.4 million, or 33 cents a share, compared with a net loss of $52.7 million, or 42 cents a share, a year earlier.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A profitless company cashed out to greater fools at peak hype and morons are taking a loss. I'm shocked. Mouth agape.

Why do you think they rushed with the IPO?

rob_52

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines