Pinterest is trading 6.93% down at $18.54 after third-quarter results and fourth-quarter outlook missed analyst expectations.
- Q3 revenue was $1.174 billion vs. $1.21 billion estimated; adjusted EPS was $0.46 vs. $0.49 expected.
- Q4 revenue forecast: $1.425 billion–$1.475 billion, below $1.52 billion consensus; record users reached 661 million, up 10% year over year.
- Pinterest cited reduced cross-border seller spending after EU regulatory changes; broader tech weakness may add pressure, but the miss and cautious guidance are the clearest company-specific catalysts.