Pinterest beats Q2 earnings and revenue estimates but shares drop on cautious sales forecast

Pinterest reported better-than-expected earnings per share of 43 cents and revenue of $1.18 billion for Q2, with sales up 18% year-over-year. Despite these strong results and a rise in monthly active users to 640 million, the company's shares fell 7% after it issued a sales forecast in line with expectations, projecting revenue between $1.19 billion and $1.21 billion for the next quarter. CEO Bill Ready highlighted the platform's scale and strength, but cautious guidance and a modest foreign exchange headwind tempered investor enthusiasm.