Earnings Results: Pinterest posts earnings beat and announces Amazon ad partnership, but forecast sends stock lower

by | Apr 27, 2023 | Stock Market

Pinterest Inc. topped expectations Thursday and announced an advertising partnership with Amazon.com Inc., but its shares headed lower in aftermarket action as its forecast disappointed. For the second quarter, Pinterest PINS expects that revenue will be approximately in line with the growth it saw in the most recent two quarters. Pinterest’s sales grew 4.6% in the first quarter and 3.5% in the December quarter, but the FactSet consensus implied 6.0% growth for the second quarter. “While…

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