01-11-2019 14:52 via feedproxy.google.com

Pinterest plunges below IPO price after whiffing on sales forecasts (PINS)

Pinterest reported third-quarter results Thursday that missed Wall Street expectations for revenue. 
Shares fell as much as 24% on the news, pushing the company's stock below its initial public offering price.
The company also reported a full-year 2019 outlook that failed to live up to Wall Street's expectations though it said that losses will shrink this year.
Watch Pinterest trade live on Markets Insider. 
Pinterest disappointed Thursday when its third-quarter earnings release showed
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