- Pinterest ( NYSE: PINS ) shares dipped 1% in pre-market trading Monday ahead of the social-information sharing company's fourth-quarter results.
- Wall Street analysts estimate Pinterest ( PINS ) will earn 28 cents share, on $886.8M in revenue, when it delivers its fourth-quarter business report after Monday's stock market close.
- Pinterest's ( PINS ) results come just a few days after the company said it would cut 150 jobs, and in the wake of earnings reports from Facebook parent Meta Platforms ( META ) and Google's Alphabet ( GOOG ), while Meta's ( META ) results were better than expected, Alphabet's ( GOOG ) weakness in its advertising business weighed on investor sentiment on Wall Street .
- This year has so far been a good one for Pinterest ( PINS ) on the stock market, as the company's share have risen more than 13% since the end of December.
- However, not everyone is buying Pinterest's ( PINS ) story. In mid-January, MKM analyst Rohit Kulkarni cut his rating on Pinterest ( PINS ) due to concerns about the market for online advertising.
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Pinterest shares retreat as Wall Street awaits latest view of online ad market