Pinterest is trading 6.5% down at $24.70 as investors react to a cautious third-quarter outlook that overshadowed a second-quarter earnings beat.
- While the company surpassed Q2 estimates for revenue and user gains, guidance signaled slower growth and persistent pressure from advertising competitors.
- The decline follows an after-hours selloff on August 4, with traders shifting focus toward rising spending and execution risks rather than recent growth metrics.