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Pinterest Follows Snap in Posting Disappointing Holiday Revenue

(Bloomberg) -- Pinterest Inc. slid in late trading after fourth-quarter revenue missed analysts’ estimates, following social media peer Snap Inc. in suffering from sluggish sales. Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyEpstein Contacted Staley for Years at Barclays Using Go-Between, Court Filings ClaimBonds Fall After $25 Billion Sale as Stocks Churn: Markets WrapEinhorn Says Markets...
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Pinterest Q4 Earnings: Revenue Miss, EPS Beat, Monthly Active Users Up 11% And More - Pinterest (NYSE:PINS)

Pinterest's fourth-quarter revenue increased 12% year-over-year to $981 million, which missed the consensus estimate of $989.53 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 53 cents per share, which beat analyst estimates of 51 cents per share.
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