Pinterest Earnings: What to Watch on Nov. 4
Pinterest (NYSE: PINS) is slated to report its third-quarter 2021 results after the market close on Thursday, Nov. 4. A conference call with analysts is scheduled for the same day at 6 p.m. EDT.
Investors in the image-sharing platform operator will probably be approaching the report with a fair dose of caution. This statement is probably even more true after last week's news that sent shares on a roller-coaster of a ride, up and then down.
On Wednesday, reports came out that financial tech giant PayPal (NASDAQ: PYPL) is in late-stage talks to acquire Pinterest at about $70 per share. If these reports prove true, that would be good news for investors who bought Pinterest stock before late 2020, as it traded below that level up until then. For context, Pinterest stock closed at $58.06 on Friday.
Source Fool.com
