Pinterest shares plunged 19% in after-hours on Thursday after the social media company reported a fourth-quarter earnings miss and issued weak guidance.
Here's how the company did, compared to analysts' consensus estimates from LSEG:
Earnings per share : 67 cents adjusted vs. 69 cents expected
: 67 cents adjusted vs. 69 cents expected Revenue: $1.32 billion vs. $1.33 billion expected
Pinterest said it expects first-quarter sales to come in between $951 million to $971 million, trailing analyst estimates of $980 million.
This is the second quarter in a row in which Pinterest shed a fifth of its value after delivering Wall Street disappointing results.
The company's fourth-quarter sales rose 14% year-to-year. Net income for the fourth quarter came in at $277 million, down 85% from a year prior, when net income was $1.85 billion and included a deferred tax benefit.
Fourth quarter sales in the U.S. and Canada region came in at $979 million, which was ahead of StreetAccount's estimates of $973 million.
Pinterest recorded $541.5 million in adjusted earnings before interest, taxes, depreciation and amortization, or EBIDTA. That figure fell short of the $550 million that analysts were projecting.
The company said that fourth-quarter global monthly active users jumped 12% year-over-year to 619 million. Wall Street was expecting that figure to be 613 million.
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