Pinterest stock jumps more than 20% despite earnings miss, as Elliott confirms stake and users stick around

Pinterest Inc. missed expectations for earnings and guided for revenue lower than analysts expected in the current quarter, but shares still spiked in after-hours trading as users stuck around in a quarter that led to sudden change and attracted an activist investor. Pinterest PINS, +2.62% on Monday reported a second-quarter loss of $43.1 million, or …

Pinterest stock jumps more than 20% despite earnings miss, as Elliott confirms stake and users stick around Read More »