Pinterest Stock Plummets After Disappointing Quarterly Results

The stock of the image service Pinterest has fallen sharply after the company reported disappointing results for the second quarter on Thursday. Pinterest recorded earnings of 33 cents per share on revenue of $998.2 million. Analysts had expected a higher profit of 35 cents per share on revenue of $974.9 million according to a survey by FactSet. For the third quarter, the company forecasts revenue between $1.033 billion and $1.053 billion, surpassing Wall Street estimates of $1.027 billion. Total revenue increased by 17% compared to the previous...