Home Trending Stocks Why Pinterest Inc (PINS) stock sink in the after-hours trading on Tuesday...

Why Pinterest Inc (PINS) stock sink in the after-hours trading on Tuesday despite good financial results announcement

Pinterest Inc (PINS) stock lost 10.97% in the after-hours on Tuesday, April 27, 2021. Earlier, in the normal trading session, PINS gained 1.11% to close the session at $77.58 per share.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

PINS shares have soared 273.34% over the last 12 months, and they have moved up by 8.78% in the past week. Over the past three months, the stock has gained 12.05%, while over the past six months, it has added 46.38%.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Let’s see why PINS stock went down in the evening session

Read More

Financial results announcement

On April 27, 2021, Pinterest, Inc. reported its financial results for the quarter ended March 31, 2021.

  • Pinterest Q1 2021 revenue was $485 million compared to $271 million in Q1 2020.
  • It suffered a GAAP net loss of $22 million in Q1 2021 compared to $142 million in Q1 2020.
  • Q1 2021 Non-GAAP net loss was $78.5 million compared to $60 million in Q1 2020.
  • Adjusted EBITDA was $84 million for Q1 2021 compared to $53 million in Q1 2020.

Slow user growth for Pinterest

With the financial results announcement, Pinterest Inc. warned of slowing user growth in the United States which is the main market for the company. The company predict that average user growth in the U.S. will be flat in the second quarter of 2021 in comparison with the same period a year earlier.

A$500K Creator Fund

On April 13, 2021, Pinterest launched a $500,000 creator fund to create a more exclusive social media experience after paying attention to user feedback.

Pinterest introduced new content guidelines through a creator code that requires creators to check their shared content to be inclusive.

New advertising platform in Brazil

On April 6, 2021, Pinterest said that it will launch a new advertising platform for Brazilian marketers to enhance business opportunities among its 46 million users in the country. The new platform will open up new opportunities for existing brands looking to reach new markets.

At the moment, Pinterest Ads are only available to a small group of early partners in Brazil, including Amaro, Diageo, Eudora, Mobly, O Boticário, Samsung, and Westwing.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

Despite the exceptional financial results in Q1 2021, the PINS stock went down in the after-hours because of the flat user growth prediction by the company. We can expect that PINS will regain positive momentum quickly in the coming days, based on its good financial results.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

What Explains MOGO Stock Going Up Today?

The Mogo Inc. (NASDAQ: MOGO) stock has gained 5.04% to $8.55 in premarket trading today. Mogo stock finished last trading day at $8.14, down...

Zynga Inc. (ZNGA) stock rises in the Pre-Market: What’s going on?

Zynga Inc. (ZNGA) announced its first-quarter 2021 financial results after which the ZNGA stock happened to be green after underperformance in the last trade....

American Shared Hospital Services (AMS) Stock Continues to Soar Following Unprecedent Volumes Being Traded

American Shared Hospital Services (AMS) stock prices surged by 30.51% as of market close on May 5th, 2021, bringing the price per share up...

James River Group Holdings Ltd. (NASDAQ: JRVR) stock falls during pre-market. Why is it so?

James River Group Holdings Ltd. (NASDAQ: JRVR) stock plunged by 1.67% at last close while the JRVR stock continued decline by 25.74% at last...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

Ambev S.A. (ABEV) Stock Trends Up Following Highly Promising Earnings Call for Q4 2020

Ambev S.A. (ABEV) stock prices were up 10.3943% shortly after the market opened on May 6th, 2021, bringing the price per share up to...

Sally Beauty Holdings (NYSE:SBH) stock surged in the current trading session; here’s why

In the current trading session, Sally Beauty Holdings Inc. (SBH) stock had surged by 19.69% to $24.25 at the time of writing. SBH stock...

Moderna Inc. (NASDAQ: MRNA) stock declines during current market. Let’s figure out why?

Moderna Inc. (NASDAQ: MRNA) stock falls by 5.31% in the current market trading after MRNA has announced its financial results for Q1 2021. Moderna...

Related News

What Explains MOGO Stock Going Up Today?

The Mogo Inc. (NASDAQ: MOGO) stock has gained 5.04% to $8.55 in premarket trading today. Mogo stock finished last trading day at $8.14, down...

Zynga Inc. (ZNGA) stock rises in the Pre-Market: What’s going on?

Zynga Inc. (ZNGA) announced its first-quarter 2021 financial results after which the ZNGA stock happened to be green after underperformance in the last trade....

American Shared Hospital Services (AMS) Stock Continues to Soar Following Unprecedent Volumes Being Traded

American Shared Hospital Services (AMS) stock prices surged by 30.51% as of market close on May 5th, 2021, bringing the price per share up...

James River Group Holdings Ltd. (NASDAQ: JRVR) stock falls during pre-market. Why is it so?

James River Group Holdings Ltd. (NASDAQ: JRVR) stock plunged by 1.67% at last close while the JRVR stock continued decline by 25.74% at last...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.