Pinterest shares plunge 14% as US user growth stalls

Description

Pinterest Inc. beat sales expectations in the second quarter but disappointed on profit and U.S. user growth, sending the stock tumbling as much as 14% in after-hours trading. The company reported revenue of $998 million for the three months ended June 30, ahead of the $976 million analysts had forecast. Adjusted earnings per share came in at $0.33, below the $0.36 consensus. Monthly active users totaled 578 million globally, and Pinterest said it had 102 million monthly users in the U.S. and Ca...