Pinterest Posts Narrower Loss, but Falls Short of Wall St. Estimates - News Summed Up

Pinterest Posts Narrower Loss, but Falls Short of Wall St. Estimates


SAN FRANCISCO — Pinterest has avoided many of the woes of other newly public tech companies. But its earnings per share failed to meet Wall Street expectations, sending its stock tumbling more than 15 percent in after-hours trading. The results followed the bumpy stock market debuts of several tech companies in recent months. Some smaller tech companies that are losing less money have seen their share prices soar after their recent I.P.O.s. They include Zoom, a video conferencing software company; PagerDuty, a cloud computing company; and Beyond Meat, a meat-alternative company.


Source: New York Times May 16, 2019 22:28 UTC



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