The Pinterest action falls 10% after the profit is missed

Pinterest The shares decreased by more than 10% on Thursday after the company reported a profit from the second quarter, which missed the profit per share.

Here’s how the company did compared to the consensus’ evaluations of LSEG analysts:

• Rally: 33 cents adjusted according to 35 cents
• Revenue: $ 998 million for $ 975 million is expected

Sales in the second quarter of Pinterest increased by 17% compared to the year, while the net income was $ 38.76 million, compared to $ 8.9 million a year ago during the same period.

Pinterest said the third quarter sales will come between $ 1.033 billion and $ 1.053 billion, leading the $ 1.025 billion analysts’ estimates.

The social media company said there were 578 million active users in the second quarter, before 574.5 million that StreetAccount designs. Pinterest said In May, in the first quarter, he had 570 million active users.

Pinterest recorded $ 251 million in the second quarter, adjusted revenue before interest, taxes, depreciation and depreciation or Ebidta, which is higher than a $ 233 million Streetaccount estimates.

“I am proud of the results of the Q2 – providing a 17% increase in revenue and another quarter of record users,” said the CEO of Pinterest Bill Ready. “We are also excited that Gen Z has grown to more than half of our user base.”

Pinterest Finance chief Julia Donali told analysts at the company’s profit call on Thursday that there was still some concern from the advertisers related to the rates “and the wider market uncertainty” that the company discussed in May.

For example, Donal said that unspecified “e -commerce traders based in Asia now closed Trade door.

Click Shares fell over 15% on Tuesday after the company reported Profit from the second quarter in which the global average revenue of a consumer missed the expectations. Snap’s revenue only increased by 9% in the year in the second quarter, far more than peers such as Reddit and Meta, which were respectively their last quarterly sales to jump 78% and 22% respectively.

Evan Spiegel, CEO of the company, said in an investor letter that SNAP’s “upper line” growth is negatively influenced by factors, including an updated advertising platform for an advertising platform, which has since been fixed.

Amazon reported The second quarter profit last Thursday and noted that sales of online ads had jumped by 23% compared to a year to $ 15.69 billion. Reddit reported His latest profits on the same day and said sales from the second quarter increased by 78% from a year to $ 500 million.

Alphabet Beat the top and bottom lines when reported his profit from the second quarter of July 23 and Meta said on July 30 that this is Revenue from the second quarter Hit $ 47.52 billion. This represents a 22% increase compared to the previous year during the same period.