Pinterest
shares were trading sharply lower in late trading Monday after the social media firm provided cautious commentary on the outlook for the March quarter and announced the resignation of CFO Todd Morgenfeld.
The soft online ad environment continues to weigh on Pinterest’s business. For the December quarter, Pinterest (ticker: PINS) posted revenue of $877 million, up 4% from a year ago but slightly below the consensus forecast at $888 million. The company said monthly average users in the quarter were 450 million, up 4% and a hair below the consensus projection at 451 million.
Source: https://www.barrons.com/articles/pinterest-earnings-stock-price-todd-morgenfeld-51675719788?siteid=yhoof2&yptr=yahoo