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Pinterest shares drop after missing Q3 earnings and lowering revenue forecast

Company Fundamentals
29 Oct 2026, 23:31 WIB
Barrons
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Bearish
Pinterest shares drop after missing Q3 earnings and lowering revenue forecast

Pinterest reported third-quarter earnings of 46 cents per share and revenue of $1.17 billion, missing analyst expectations. The company also issued a revenue forecast for the current quarter that was lower than anticipated. This guidance led to a sharp decline in Pinterest's stock price during after-hours trading. The results suggest slowing revenue growth, raising concerns about the company's near-term financial performance.

Pinterest's stock price on Pluang has dropped sharply by 13.00% to USD 18.20 as of Oct 30, 2026 03:22 WIB, nearing its 52-week low of USD 15.42 and well below the 52-week high of USD 33.70. This decline contrasts with its relatively high market cap of $11.85 billion, highlighting investor concerns about the company's slowing revenue growth. The typical hold time of 86 days on Pluang suggests moderate investor engagement despite recent volatility.

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