On Oct. 27, image-sharing platform Pinterest (NYSE: PINS) reported financial results for the third quarter of 2022, and Wall Street loved it.
Stifel analyst Mark Kelley said that the company's results were "a rare bright spot thus far through earnings season," according to The Fly . Barclays analyst Ross Sandler was also impressed with Pinterest's 8% year-over-year revenue growth, considering how poor financial results were for other digital-advertising companies.
However, I believe Pinterest's Q3 report was a surprising step in the wrong direction. Here's why.
For further details see:
Does This 1 Metric Signal Trouble Ahead for Pinterest Stock?