Pinterest profit miss overshadows Gen Z, AI-driven growth
Pinterest missed analysts' estimates for second-quarter profit on Thursday, overshadowing robust revenue and user growth, and sending its shares down over 11 per cent in extended trading. The social media platform reported adjusted profit per share of 33 cents, below analysts' average estimate of 35 cents, according to data compiled by LSEG. However, its quarterly revenue grew 17 per cent to $998.2 million, beating expectations of $974.8 million. The company's stock has gained about 35 per cent
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