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Benzinga
11 days

Pinterest Posts Downbeat Q2 Earnings, Joins Twilio, Trade Desk And Other Big Stocks Moving Lower In Friday Pre-Market Session

1. Pinterest's Q2 revenue hit $998.23 million, surpassing estimates. 2. Adjusted EPS of 33 cents missed expectations of 35 cents. 3. Shares fell 12.4% to $34.35 in pre-market trading. 4. Other stocks like The Trade Desk and Iovance also posted declines. 5. Market futures rose, but Pinterest underperformed significantly.

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FAQ

Why Bearish?

The decline in EPS indicates weakened profitability; similar historical cases have led to sustained share price drops.

How important is it?

Negative earnings reports from PINS impact investor confidence, similar to previous earnings misses that resulted in downward adjustments.

Why Short Term?

Market reactions to negative earnings reports typically impact stock prices immediately and can lead to increased volatility.

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