Pinterest Shares Just Sank. Time to Buy the Dip or Run for the Hills?
Share prices of Pinterest (NYSE: PINS) sank last week after the visual pin-board operator's second-quarter earnings missed expectations. However, revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in above expectations, and guidance was strong.
Let's take a closer look at Pinterest's most recent results and prospects to see if the dip is a buying opportunity.
The transformation of Pinterest under CEO Bill Ready continued to bear fruit in the second quarter, with the company reporting solid revenue and user growth. Ready has invested heavily to make Pinterest's platform more attractive to both users and advertisers through the use of artificial intelligence (AI).
Source Fool.com
