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Pinterest quarterly revenue, forecast disappoint; shares plunge

A guest hold up a phone during the Pinterest Inc. IPO on the floor of the NYSE in New York
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(Reuters) - Pinterest Inc fell short of Wall Street estimates for quarterly revenue on lower-than-expected average revenue per user and its revised full-year sales forecast came marginally below expectations, sending its shares tumbling 20%.Thursday's after-market plunge is expected to wipe out a majority of the gains since the online scrapbook company's blockbuster initial public offering in..
Date Published: Oct 31, 2019
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