00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Pinterest shares fell 15 percent Thursday, following the company's cautious fourth quarter
00:06revenue forecast. Pinterest revenue and earnings per share both exceeded analysts' forecasts,
00:12but revenue guidance fell below analysts' estimates,
00:15partly due to continued weakness from food and beverage advertisers. The platform announced
00:20a $2 million share buyback and reported over 530 million monthly active users ahead of projections.
00:27Net income rose over 350 percent year-over-year,
00:30while expenses grew by 17 percent, driven by investments in AI and staffing.
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