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Pinterest climbs 13% on upbeat preliminary guidance for the first quarter

Pinterest climbs 13% on upbeat preliminary guidance for the first quarter
Stock market
Wajeeh Khan
Author
Wajeeh K.
Apr 08, 2020, 06:10 AM
  • Pinterest jumps 13% on upbeat preliminary guidance that tops analysts' estimates.
  • The social media company expects to generate £218 million to £220 million in revenue in Q1.
  • Pinterest withdrew its full-year guidance as Coronavirus weighs on its global advertising revenue.

Pinterest (NYSE:PINS) released its preliminary guidance for Q1 that topped analysts’ forecast on Tuesday. Following the announcement, Pinterest was reported trading 13% up in extended trading.

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